Monday, October 19, 1987: The largest one-day percentage decline (-22.6%) in the history of the Dow Jones Industrial Average ("the stock market").
The crash began in Asian markets the morning of October 19. Later that morning, two U.S. warships shelled an Iranian oil platform in the Persian Gulf in response to Iran's Silkworm missile attack on the U.S. flagged ship MV Sea Isle City.
The Dow did not regain its August 25, 1987 closing high of 2,722 points until almost two years later. (20 Years Ago: Berlin Wall Falls)
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