Which 1989 market crash began when the Dow Jones fell 6.9% on 13 October?

The 1989 market crash that began with a 6.9 percent Dow decline on 13 October was the Friday the 13th mini-crash.

On that Friday, the Dow Jones Industrial Average fell 190.58 points, or 6.91 percent. The drop was connected to uncertainty surrounding a proposed leveraged buyout of United Airlines, along with concerns about interest rates and financial markets. The sharp fall briefly recalled the global shock of Black Monday in 1987.

The decline did not develop into a prolonged crash on the same scale as 1987. Markets stabilized, and the episode became known by its calendar nickname. It is sometimes confused with the 1987 Black Monday crash because both occurred late in the decade and involved abrupt selling. The 1989 event is also called a mini-crash precisely because its market impact was substantial but comparatively short-lived. Identifying the date and percentage separates it from other Friday-the-13th market declines.