The 1962 US stock-market slump was known as the Kennedy Slide.
The decline began in late 1961 and accelerated in the first half of 1962. Investors worried about slowing economic growth, high valuations, and uncertainty over corporate profits. The market also faced political tension, including the Cuban Missile Crisis later that year, although the slide was already largely over by then.
The Dow Jones Industrial Average fell substantially from its late-1961 high before reaching a low in June 1962. The episode became one of the most significant postwar US market declines before the 1970s.
The name can be misleading because it does not mean President John F. Kennedy caused the fall. It is a historical label for the period, and Kennedy's administration responded to economic concerns through measures including attention to growth and employment.