What was the name of the 1989 U.S. market event after which the Dow fell 190.58 points?

The 1989 U.S. market event after which the Dow fell 190.58 points was called the Friday the 13th mini-crash.

The decline occurred on Friday, October 13, 1989. The Dow Jones Industrial Average dropped 190.58 points, or about 6.9%, in a sharp but short-lived sell-off. It followed the collapse of a proposed leveraged buyout of United Airlines’ parent company, UAL Corporation, which unsettled investors.

The episode occurred during a period of financial innovation and heavy leverage. Investors were especially sensitive to the risks surrounding debt-funded acquisitions, and the failed deal became a catalyst for broad selling.

The event is sometimes confused with Black Monday in 1987 or the Flash Crash of 2010. Unlike those episodes, the 1989 decline was widely remembered by its calendar date and the “mini-crash” label, reflecting its smaller scale and shorter duration.