What was the nickname of the sharp U.S. stock-market decline in 1962?

The sharp U.S. stock-market decline in 1962 was nicknamed the Kennedy Slide.

The decline ran from late 1961 into June 1962 and ended a long postwar advance in U.S. shares. The Dow Jones Industrial Average fell about 26.5% from its high to its low, while investors worried about slowing economic growth, inflation, and the possibility of recession.

The name linked the market's weakness to President John F. Kennedy, although the causes were broader than presidential policy. Concerns about steel prices, corporate profits, interest rates, and the Cold War all influenced sentiment.

The Kennedy Slide is sometimes confused with the 1962 Cuban Missile Crisis, which occurred later in the year. The market decline had largely ended before that October confrontation. It is also distinct from the 1960–1961 recession and from later crashes such as Black Monday in 1987.