A Crazy Day (For Its Time) on Wall Street

Station

Aired

1987-01-23

Main Contributors

Jensen, Mike
Brokaw, Tom

Collection

Ken Owen Collection

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The Dow Jones Industrial Average plunges 114 points in 71 minutes on January 23. Program trading based on the difference between the value of stock futures and the cash market is blamed for the swing. Treasury Secretary James Baker expresses concern about the "excess" volatility. This is the lead story from network news that evening. (Ken Owen)