Which 1962 U.S. stock-market slump is known by a name referring to a sharp decline?

The Kennedy Slide of 1962 was the name given to a sharp U.S. stock-market decline during President John F. Kennedy's administration.

The sell-off ran from late 1961 into June 1962. On May 28, 1962, the Dow Jones Industrial Average fell 5.7%, then the largest one-day point decline in its history. The market reached its low on June 26, when the Dow was about 26% below its December 1961 high.

The slump reflected concerns about slowing economic growth, high stock valuations, and tighter monetary conditions. It also followed a period in which investors had become enthusiastic about a group of large, popular companies sometimes called the Nifty Fifty, although that label is more strongly associated with a later period.

The nickname connects the episode with Kennedy's presidency, not with a direct presidential order or a single political event. The market recovered after June 1962, and the episode was far smaller than the 1929 or 1987 crashes.