The 1962 U.S. stock-market decline associated with President John F. Kennedy became known as the Kennedy Slide.
The decline took place during the first half of 1962, after a strong rise in share prices during the late 1950s and early 1960s. Investors worried about slowing economic growth, high interest rates, corporate earnings, and geopolitical tensions. The Cuban Missile Crisis occurred later in October 1962 and intensified Cold War anxiety, but it was not the sole cause of the earlier market slide.
The Dow Jones Industrial Average fell sharply from its early-year level before recovering much of the loss later in the year. The event is also described as the 1962 stock-market crash or the Flash Crash of 1962 in some references.
The nickname can be confused with political explanations that attribute the entire decline to Kennedy. In reality, the market was influenced by several economic and international factors.