What was the name of the 1989 crash in which the Dow Jones Industrial Average fell 190.58 points?

The 1989 crash in which the Dow Jones Industrial Average fell 190.58 points was called the Friday the 13th mini-crash.

It occurred on Friday, October 13, 1989, after investors reacted to the collapse of a proposed leveraged buyout of United Airlines’ parent company. The Dow fell 6.91%, closing at 2,569.26. The decline was especially notable because it happened only two years after the much larger Black Monday crash of 1987.

The episode was called a mini-crash because it was severe but short-lived compared with broader market disasters. It also exposed how corporate takeover financing and computerized trading could affect the wider stock market. The event is sometimes confused with Black Monday, but that name belongs primarily to the global crash of October 19, 1987, and to other unrelated market declines. The Friday date and the 13th are central to this event’s established nickname.