| • Science | • People | • Locations | • Timeline |
The most famous crash in 1929, (known as Black Thursday) when the Dow Jones Industrial Average dropped 50%, preceded the Great Depression. The succeeding years saw the Dow Jones drop a total of over 85%.
There was also a crash or "adjustment" on Monday October 19, 1987, known in financial circles as Black Monday, when the Dow Jones lost 22% of its value in one day, bringing to an end a five-year bull run. The FTSE lost 10.8% on that Monday and a further 12.2% the following day. The pattern was repeated across the world.
The stock market downturn of 2002The stock market downturn of 2002 (some say " stock market crash") is the sharp drop in stock prices during 2002 in stock exchanges across the United States and Europe. After recovering from lows reached following the September 11, 2001 attacks, indices s was part of a larger bear marketA Bear Market is a phase in the life of a stock market in which the value of most listed shares of stock fall consistently, as reflected by a downward movement of one or more key stock indexes. Investors, anticipating further losses, are thus motivated to that took the NASDAQNASDAQ originally an acronym for National Association of Securities Dealers Automated Quotations is a stock exchange run by the National Association of Securities Dealers. When it began trading on February 8, 1971, it was the world's first electronic stoc 75% from its highs and broader indices down 30%.
Stock market crashes are driven by panic as much as by underlying economic factors. So long as the prospect of further daily drops in the value of stocks persists, a bear market, equity investorEquity investment generally refers to the buying and holding of shares of stock on a stock market by individuals and funds in anticipation of income from dividends and capital gain as the value of the stock rises. It also sometimes refers to the acquisitis can be expected to persist.