Black Monday, October 19, 1987 was a time when markets around the world crashed, with the US Dow Jones Industrial Average plunging 22.6%.
Fast forward to nearly a century later, on Sunday, April 6, 2025, Jim Cramer, American TV personality and market analyst, warned of a similar ‘bloodbath’ on April 7, Monday owing to US President Donald Trump’s tariff tantrums. Cramer encouraged the POTUS to ‘reach out’ to countries that have not imposed retaliatory tariffs.
Now, why did the ‘Mad Money’ host urge Trump ‘to reach out to countries’ that ‘play by the rules’? What led to the Black Monday in 1987? What exactly happened? LiveMint explains.
What happened on Black Monday?
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 by 30% on the same day.
The mayhem continued throughout the month, and by early November 1987, most major stock market indexes had lost over 20% of their value.
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