It’s a day that has became known as Black Monday and for good reason. A quarter century ago – on Oct. 19, 1987 – the U.S. stock market suffered its biggest one-day drop in history.
The Dow Jones industrial average swooned 508 points, or 22.6 per cent, leaving investors stunned and shaken, while triggering a worldwide rout in equity prices. Toronto stocks fell in sympathy, but only about 11 per cent, or half the decline seen on Wall Street.
(Photo: A Toronto Stock Exchange trader at the end of the day on Black Monday.)
TIM CLARK/The Canadian Press