What was the name of the sharp U.S. market decline that began in December 1961 and ended in June 1962?

The sharp U.S. market decline that began in December 1961 and ended in June 1962 was the Kennedy Slide of 1962.

The decline followed a strong rise in U.S. share prices during the late 1950s and early 1960s. Investors became concerned about excessive valuations, slower economic growth, and corporate profit prospects. The market also faced uncertainty over interest rates and government policy.

The S&P 500 fell about 22.5 percent from its high in December 1961 to its low in June 1962. On May 28, 1962, the Dow Jones Industrial Average suffered a particularly severe one-day decline, commonly called the Flash Crash of 1962.

The Kennedy Slide was not the same event as the 1962 Cuban Missile Crisis, although both occurred during a tense period. The market later recovered, and the episode is remembered as a major bear-market decline rather than a long depression.