What was the 1962 U.S. stock-market decline, linked partly to fear of recession, commonly called?

The 1962 U.S. stock-market decline linked partly to recession fears was commonly called the Kennedy Slide of 1962.

The decline occurred during the first half of 1962, when investors worried about slowing economic growth, corporate earnings, and expensive stock valuations. The Dow Jones Industrial Average fell sharply from its late-1961 high, with the selling culminating in a major drop on 28 May 1962.

The episode received its name from President John F. Kennedy, although it was not caused by a single presidential action. The market stabilized after the spring sell-off, and the United States later entered a period of strong economic expansion.

The Kennedy Slide is distinct from the 1963 assassination of President Kennedy and from the recession of 1960–61. It is also sometimes grouped with other postwar market corrections rather than treated as a full banking or economic depression.