What was the name of the 1962 U.S. stock-market decline often linked to fears about inflation and the Cold War?

The 1962 U.S. stock-market decline linked to inflation and Cold War fears is called the Kennedy Slide of 1962.

The slide ran from late 1961 into June 1962. On May 28, 1962, the Dow Jones Industrial Average suffered its largest one-day point decline up to that time, losing 34.95 points. The market had already been weakening as investors worried about inflation, interest rates, economic growth, and international tensions.

The episode also reflected a confrontation between the Kennedy administration and major U.S. steel companies. In April 1962, President John F. Kennedy criticized steel producers after they announced price increases following a wage agreement. The dispute damaged confidence, although it was one factor among several. The Kennedy Slide is not the same event as the 1960s recession or the 1962 Cuban Missile Crisis; its defining feature is the stock-market decline during the first half of 1962.