Halloween Massacre

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Definition of 'Halloween Massacre'

The Halloween Massacre was a stock market crash that occurred on October 31, 1987. It was the largest one-day drop in the Dow Jones Industrial Average (DJIA) in history, and it had a significant impact on the global economy.

The crash began in the early afternoon, when the DJIA was trading at around 2,500 points. By the end of the day, it had fallen by over 500 points, to close at 1,738.74. This was a decline of over 22%, and it was the largest one-day percentage drop in the history of the DJIA.

The crash was caused by a number of factors, including a decline in the value of the U.S. dollar, a rise in interest rates, and a decrease in investor confidence. The crash also coincided with a number of other factors that were causing financial instability around the world, such as the collapse of the Soviet Union and the Tiananmen Square massacre.

The Halloween Massacre had a significant impact on the global economy. It led to a decline in stock prices around the world, and it also caused a decrease in lending and investment. The crash also contributed to the recession that began in the United States in 1989.

The Halloween Massacre was a major financial event that had a significant impact on the global economy. It is a reminder of the importance of financial stability, and it is a warning of the dangers of financial speculation.

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