Black Monday

Black Monday
Refers to October 19, 1987, when the Dow Jones Industrial Average fell 508 points on the heels of sharp drops the previous week. On Monday, October 27, 1997, the Dow dropped 554 points. While the point drop set a new record, the percentage decline was substantially less than in 1987. Bloomberg Financial Dictionary
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19 October 1987. The day of the great Stock Market crash worldwide. Dresdner Kleinwort Wasserstein financial glossary

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Black Monday ˌBlack ˈMonday noun [uncountable]
1. FINANCE Monday October 28, 1929, when prices on the New York Stock Exchange fell by a very large amount during the Wall Street Crash
2. Monday October 19, 1987, when prices fell by a very large amount on the New York Stock Exchange, and on other stock markets around the world
3. any Monday when something bad happens

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Black Monday UK US noun ECONOMICS, FINANCE, STOCK MARKET
► Monday, October 28, 1929, when the price of shares on the New York Stock Exchange lost a lot of their value, causing very serious economic problems in the US and Europe, and leading to the Great Depression of the 1930s : »

Black Monday kicked off the Depression.

→ Compare BLACK THURSDAY(Cf. ↑Black Thursday), BLACK TUESDAY(Cf. ↑Black Tuesday), BLACK WEDNESDAY(Cf. ↑Black Wednesday), WALL STREET CRASH(Cf. ↑Wall Street Crash)
► Monday, October 19, 1987, when the price of shares on the New York Stock Exchange lost 508 points from their value, causing problems in stock markets around the world: »

It launched its first unit trusts at an inauspicious time - July 1987, just three months before Black Monday.

► Monday, October 27, 1997, when the price of shares on the New York Stock Exchange lost 554 points from their value, causing problems in stock markets around the world

Financial and business terms. 2012.

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  • Black Monday — Black Mon day 1. Easter Monday, so called from the severity of that day in 1360, which was so unusual that many of Edward III. s soldiers, then before Paris, died from the cold. Stow. [1913 Webster] Then it was not for nothing that my nose fell a …   The Collaborative International Dictionary of English

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  • black monday — noun Usage: usually capitalized B&M Etymology: Middle English blak Monunday obsolete : easter monday * * * Black Monday [Black Monday] …   Useful english dictionary

  • Black Monday — October 19, 1987, when the Dow Jones Industrial Average (DJIA) lost almost 22% in a single day. That event marked the beginning of a global stock market decline, making Black Monday one of the most notorious days in recent financial history. By… …   Investment dictionary

  • Black Monday — Either of the two Mondays on which the two largest stock market crashes of the 20th century occurred. The original Wall Street crash occurred on Monday, 28 October 1929, when the Dow Jones Industrial Average fell by 13%. On Monday, 19 October… …   Big dictionary of business and management

  • Black Monday —  October 19, 1987, when the DOW JONES INDUSTRIAL AVERAGE fell 508 points, or over 20 percent.  ► “Hybrid funds suffered the least on Black Monday. It was mostly a stock market crash.” (Financial World, March 1, 1994, p. 60) …   American business jargon

  • Black Monday (2008) — may refer to:* January 2008 stock market volatility * Liquidity crisis of September 2008 …   Wikipedia

  • Black Monday — Black Mon|day 1.) Monday, 19 October 1987, the day on which ↑share prices on the ↑stock exchange suddenly fell by a large amount, and many people lost a lot of money 2.) Monday, 28 October 1929, the day on which share prices on the Stock Exchange …   Dictionary of contemporary English

  • Black Monday — Monday 19 October 1987, when prices on stock exchanges all over the world suddenly began to fall. Over the next four days, for example, the Financial Times Index in London fell by 25%, and the Dow Jones Index in New York fell by 33%. See also… …   Universalium

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