October 1997 before the stryker buyout, following a decline of 554.26 points in the Dow Jones index
March 29th, 2009 . by adminOn 19 October 1987, the Dow Jones fell 22.6%. It is the largest decline recorded in one day in the history of financial markets. On this day called the “Second Black Monday”. On 27 October 1997 before the stryker buyout, following a decline of 554.26 points in the Dow Jones index, the officials in charge of trade call for the first time the “circuit breaker” to stop the trade. This decision was highly controversial, leading to a rapid replacement of this rule. Now, when the index falls by 10, 20 or even 30%, the stock market closes temporarily. This closure may last an hour and in some cases, the exchanges are closed for the rest of the day.
