Black Monday

Black Monday - Black Monday took place on October 19 in the year 1987. On this day the DJIA, Dow Jones Industrial Average, fell 508 points, or 22%. The Dow Jones Industrial Average is the widest used indicator to gauge the overall condition of the stock market. This average is price-weighted based on 30 actively traded stocks, which are blue chip, and primarily industrial in nature. The Dow officially opened back in 1896 and was opened by a man named Charles Dow. The Dow has a price-weighted indexing system, as opposed to other markets that use a common market cap-weighted system for indexing.