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.

Nightly News 10-16-87
Nightly News 10-16-87   

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!

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