Back to today’s briefing

Story perspectives

Today in History: Dow Jones plummets 22.6 percent on Black Monday

10/19/2025

33 3

Summary

Story summary

On October 19, 1987, known as Black Monday, the Dow Jones Industrial Average plummeted by 22.6%, marking the largest one-day percentage drop in its history. This unexpected crash resulted in global losses estimated at $1.71 trillion, raising concerns about prolonged economic instability reminiscent of the Great Depression.

1 of 1

Story summary

On October 19, 1987, known as Black Monday, the Dow Jones Industrial Average plummeted by 22.6%, marking the largest one-day percentage drop in its history. This unexpected crash resulted in global losses estimated at $1.71 trillion, raising concerns about prolonged economic instability reminiscent of the Great Depression.