What was the nickname of the 1989 crash of the New York Stock Exchange on October 13?

The October 13, 1989, New York Stock Exchange crash was nicknamed the Friday the 13th mini-crash.

The Dow Jones Industrial Average fell 190.58 points, or 6.91%, on Friday, October 13, 1989. The decline was driven largely by the collapse of a proposed leveraged buyout of United Airlines’ parent company, UAL Corporation.

Investors had expected the acquisition to proceed, but financing problems caused the deal to fail. That disappointment hit stocks connected with mergers and leveraged buyouts, while broader concerns about interest rates and debt amplified the selling.

The event was much smaller than Black Monday in 1987 and did not produce the same worldwide financial shock. Its memorable nickname reflects both the date and its suddenness. It is also sometimes confused with the 1987 crash because both involved sharp U.S. equity-market declines, but they were separate events two years apart.