What was the nickname of the U.S. stock-market crash on October 13, 1989, caused partly by a failed leveraged buyout?

The U.S. stock-market crash on October 13, 1989, was nicknamed the Friday the 13th mini-crash.

The Dow Jones Industrial Average dropped 190.58 points, or 6.91%, in a single session. The decline followed the collapse of plans for a leveraged buyout of United Airlines' parent company, UAL Corporation. Investors had expected the transaction to proceed, and its failure raised concerns about highly leveraged corporate deals and the credit markets supporting them.

The crash came two years after Black Monday in October 1987, but it was considerably smaller and did not lead to the same worldwide panic. The market recovered relatively quickly, although the episode exposed continuing concern about debt-funded acquisitions.

The event is often mixed up with the 1987 crash because both involved large one-day Dow declines. Their dates and immediate triggers were different: October 13, 1989, centered on the failed UAL buyout, while October 19, 1987, was the famous Black Monday collapse.