U.S. Financial Markets No Safer From Crash Risks, 25 Years Later

Friday marks the 25th anniversary of the Wall Street crash known as Black Monday, and U.S. financial markets are not much safer from a similar event that could lead to major losses for investors. On Oct. 19, 1987, the Dow Jones Industrial Average fell 508 points to 1,738.74, or 22.6 percent, the largest daily percentage loss for the index--that's roughly equal to the Dow falling 3,000 points today. A record was set at the time of over 600 million shares traded. At the time, Ronald Reagan was...Full Story
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