October 16, 1987: Friday Before The Fall
Having fallen sharply the previous day, the Dow Industrials suffer a triple-digit loss for the first time ever, closing at 2246 in unusually high trading volume on the New York Stock Exchange.
The third day of the "selling avalanche" and the first time ever the Dow lost triple digits. The index posts a near-10% decline on the week. Comparisons with the crash of 1929 inevitably come up but are quickly written off. A bull-bear debate starts to boil -- for a day! [01:22] |
Having fallen sharply the previous day, the Industrials suffer a triple-digit loss to 2246 in unusually high trading volume on the New York Stock Exchange, posting a near-10% decline on the week.