"The stock market careened downward yesterday," reported The Wall Street Journal on May 29, 1962, "leaving traders shaken and exhausted." The Dow Jones Industrial Average fell 5.7% that day, down 34.95, the second-largest point decline then on record.
"The drop took place on volume so heavy," added the Journal, that the "ticker wasn't able to finish reporting floor transactions until 5:59 p.m., two hours and 29 minutes after the market closed."
(Time & Life Pictures/Getty Images)
"The drop took place on volume so heavy," added the Journal, that the "ticker wasn't able to finish reporting floor transactions until 5:59 p.m., two hours and 29 minutes after the market closed."
(Time & Life Pictures/Getty Images)
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