On This Day - What happened 19 October 1987 AD

Iran deployed Silkworm missiles to attack some ships, but only a few were actually fired, and in response to Iranian Silkworm missile attacks on Kuwaiti oil tankers, launched Operation Nimble Archer, destroying two Iranian oil rigs in the Persian Gulf.

On October 19, 1987, the Dow Jones Industrial Average (DJIA) dropped 508 points, a 22.6% loss in a single day, the second-biggest one-day drop the exchange had experienced. Black Monday was followed by Terrible Tuesday, a day in which the Exchange's systems did not perform well and some people had difficulty completing their trades.