April 7, 2025
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Repeat of Black Monday 1987 feared
On Black Monday, October 19, 1987, markets worldwide crashed, with the US Dow Jones Industrial Average plunging 22.6%.
Fast-forward nearly a century. On Sunday, April 6, 2025, Jim Cramer, an American TV personality and market analyst, warned of a similar ‘bloodbath’ on Monday, April 7, owing to US President Donald Trump’s tariff tantrums. Cramer encouraged the POTUS to ‘reach out’ to countries that have not imposed retaliatory tariffs.
October 19, 1987, also known as ‘Black Monday’, saw the Dow Jones Industrial Average (DJIA) plummet by 22.6% in just one day. This event triggered a global stock market downturn, cementing Black Monday as one of the most infamous days in financial history. The S&P 500 experienced an even steeper decline, falling 30% on the same day.
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