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TREASURY SECRETARY ON STOCK MARKET, 1997-10-27 (photo)

IMAGE number
REU8097467
Image title
TREASURY SECRETARY ON STOCK MARKET, 1997-10-27 (photo)
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Photographer
Str Old
Medium
photograph
Date
1997 AD
Shooting Date
1997-10-27
Image description

U.S. Secretary of Treasury Robert Rubin speaks on the steps of the Treasury building October 27 about the record fall in the U.S. stock market. Rubin said that payment and market systems were working well despite the pressure exerted by large falls in the market. The Dow Jones industrial average suffered its biggest point drop in history in a frenzied sell-off triggered by the financial crisis in Asia. The Dow ended down 554.26 points, or 7.1 percent, at 7,161.15, topping the 508-point drop of the Oct. 19, 1987 crash. RUBIN MARKET

Photo credit
REUTERS/Str Old / Bridgeman Images
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