As Dow, S&P Futures crash, Black Monday looms; Trump calls it ‘necessary medicine’

Apr 07, 2025 05:13 AM IST

Futures on the Dow Jones were down over 1,500 points and 4% for S&P 500 on Sunday amid fears of a ‘Black Monday’

Futures on the Dow Jones were down over 1,500 points and 4% for thevS&P 500 on Sunday amid fears of a ‘Black Monday’ on April 7. When asked about the plummet, President Donald Trump said ‘sometimes we have to take the medicine’.

Donald Trump reacted to Sunday’s Dow Future crash(REUTERS)

Trump’s statement came a day after CNBC market analyst Jim Cramer warned investors about a Black Monday-like crash. Back in 1987, the Dow Jones had plunged 22.6% within a trading session. During his show, Cramer added that if the ‘president doesn’t try to reach out and reward these countries and companies (hit by tariffs) that play by the rules, then the 1987 scenario… the one where we went down three days and then down 22% on Monday, has the most cogency’.

Dow Jones Industrial Average futures fell 1,531 points, or 4.1% Sunday evening. Nasdaq-100 futures tanked 5.3%. This comes days after the Dow posted back-to-back losses of more than 1,500 points for the first time. It fell 2,231 points on Friday.

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