The Soviet Union submarine U 137 runs aground on the east coast of Sweden.,
Stock markets around the world stock market crash because of fears of a global economic meltdown. The Dow Jones Industrial Average plummets 554.26 points to 7,161.15. For the first time, the New York Stock Exchange activated their "circuit breakers" twice during the day eventually making the controversial move of closing the Exchange early (see October 27, 1997 mini-crash).,
