What was the name of the 1989 U.S. mini-crash linked to the collapse of a planned United Airlines buyout?

The 1989 U.S. mini-crash linked to the collapse of a planned United Airlines buyout was called the Friday the 13th mini-crash.

The event occurred on Friday, October 13, 1989. A leveraged buyout of United Airlines appeared likely to fail, raising concerns about junk bonds and highly leveraged corporate takeovers. The Dow Jones Industrial Average fell 190.58 points, or about 6.9%, in that session.

Although the decline was much smaller than the 1987 crash, it became a memorable warning about how financing problems in one corporate deal could unsettle the wider market. The episode also affected the market for high-yield bonds, which investors associated with leveraged buyouts.

It is sometimes called the October 1989 mini-crash, but Friday the 13th mini-crash is the established name of the event. It should not be confused with Black Monday, which happened two years earlier and involved a far larger one-day percentage fall.