Remembering Black Monday

Thirty years ago, on October 19, 1987, the stock market experienced what became known as Black Monday, when the Dow Jones industrial average experienced its largest percentage single-day drop ever, losing 22.6 percent of its value. Some other facts about that day:

• The market as a whole lost roughly $1 trillion in value on Black Monday
• The crash came after a two-week period in which the Dow had already dropped 15 percent
• The 604 million shares traded nearly doubled the previous record for volume
• The Dow's second-worst percentage loss was just 7.9 percent, on October 15, 2008 
• The Dow did not surpass its pre-Black Monday level until January 1989