What happened on June second 1987?

June 2, 1987:

- Cold War summit: U.S. President Ronald Reagan and Soviet General Secretary Mikhail Gorbachev conclude their two-day summit in Reykjavik, Iceland, with no progress on arms control talks due to irreconcilable differences over the Strategic Defense Initiative (SDI).

- South African State of Emergency: The South African government declares a state of emergency in Cape Province in response to growing anti-apartheid protests and violence. The state of emergency, which gives security forces sweeping powers, will last for over two years.

- Iran-Contra Affair: The U.S. Congress begins hearings into the Iran-Contra affair, a scandal involving the secret sale of arms to Iran and the diversion of profits to fund the Contra rebels in Nicaragua.

- Stock market crash: The Dow Jones Industrial Average falls by 11 percent, marking the largest single-day decline since the Great Depression. The drop is triggered by a combination of factors, including a trade deficit and higher interest rates.

- Death of Andy Warhol: American artist Andy Warhol dies of a heart attack at the age of 58. Warhol is one of the most influential figures in the history of modern art and is known for his iconic works of art, such as "Campbell's Soup Cans" and "Marilyn Monroe."