The United States experienced the October 1989 stock-market crash commonly called the October 1989 mini-crash.
On October 13, 1989, the Dow Jones Industrial Average fell 190.58 points, or about 6.9%, in one session. The decline was linked to concerns about the proposed leveraged buyout of UAL Corporation, the parent company of United Airlines, after financing for the deal broke down.
The episode was much smaller than the global Black Monday crash of October 19, 1987, but it revived concerns about market structure, computerized trading, and leveraged transactions. It did not mark the beginning of a prolonged bear market comparable to the 1987 collapse.
The event is often confused with the 1987 crash because both occurred in the same decade and involved sharp one-day U.S. market declines. The 1989 episode is specifically associated with October 13 and the failed UAL buyout.