Which 1989 crash saw the Dow Jones fall 190.58 points in one trading day?

The Friday the 13th mini-crash saw the Dow Jones Industrial Average fall 190.58 points on October 13, 1989.

The decline represented about 6.91% of the index and occurred after a leveraged buyout of United Airlines collapsed. Investors also worried about interest rates, economic conditions, and the ability of financial institutions to complete large deals. The drop was dramatic, but it was much smaller in historical significance than the 1987 Black Monday crash.

The event is called the Friday the 13th mini-crash because it occurred on Friday, October 13, 1989. The name distinguishes it from other market collapses that received “Black” labels. A common error is to identify the event as Black Monday, which belongs to October 19, 1987, or to confuse it with the 2010 Flash Crash, when U.S. markets plunged and recovered within minutes.