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Stock Market / Record Drop #105972

ABC Evening News for Monday, Oct 19, 1987
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(Studio: Peter Jennings) Report introduced.

(NYC: Stephen Aug) Record drop on Wall Street reported; details given, scenes shown. [MAN - says it's time to get out of market] Delay in large companies, like Exxon, IBM, Disney, in opening for trading on market because of lack of buyers described. [Dreyfus Corporation Monte GORDAN - cites elements of panic illustrated by low selling prices of stock] Stk. Mkt. Report Record percentage drop in Dow averages, drop in stock prices of major companies and extent of trading shown on screen. Historical film shown. Role of "margin" selling now and in 1920s compared. [Smith Barney Marshall ACUFF - says may take months for renewal of bull trend.] [ANALYST - says market is coming down to earth after summer's earnings.]

(Studio: Peter Jennings, Stephen Aug) Role of computers in automatically selling stks. discussed.

Reporter(s):
Aug, Stephen;
Jennings, Peter
Duration:
00:04:40

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