each day benzinga takes a look back at a notable marketrelated moment that occurred on this date what happened on this day in 1987 the dow jones industrial average gained 58 as the market rebounded from its record black monday selloff where the market was the dow finished the day at 184101 the sp 500 finished at 23683 what else was going on in the world in 1987 britain’s intercity 125 highspeed train set a world record for the fastest dieselpowered train reaching 148 miles per hour in a speed test aretha franklin was inducted into the rock and roll hall of fame the average american income was 24350 black monday rebound on oct 19 1987 the dow jones dropped 226 its worst singleday decline in history the next day the stock market experienced another session of extreme volatility the dow closed black monday at 173834 and opened tuesday’s session at around the same level before rallying 210 points within the first hour of trading by noon the dow had given up all of those early gains it was down 30 points on the day by 1230 the selloff quickly intensified triggering trading halts in ibm nyse ibm eastman kodak company nyse kodk and some of the other largest companies in the market in fact the selling pressure got so bad the chairman of the nyse was reportedly at one point considering closing the exchange entirely for the rest of the day the dow ultimately bounced to finish the day higher by 588 unfortunately the nasdaq did not recover closing down 9 on the day the dow’s rebound was driven largely by a handful of bluechip stocks only 509 stocks listed on the nyse finished the day higher while 1445 stocks declined