Stock futures drop sharply, Jim Cramer warns of new 'Black Monday'
Source: The Hill
04/06/25 6:36 PM ET
U.S. stock futures dropped sharply on Sunday evening as markets continued to signal a sell-off in the wake of President Trump’s massive reciprocal tariffs on trading partners.
Dow Jones Industrial Average futures were down more than 1,700 points on Sunday evening at 6 p.m., pointing to what could be a disastrous day on Wall Street when markets open Monday morning at 9:30 a.m. The Dow futures had recovered some of those losses later in the evening. After 10 p.m., the futures were down just under 900 points.
The Dow and other markets already suffered through a brutal Thursday and Friday as they took in President Trump’s tariff regime, and the prospect of retaliation from other countries. The Dow lost nearly 4,000 points over those two days. CNBC host Jim Cramer even warned of the possibility that an event similar to “Black Monday” could occur, a reference to the market collapse of 1987, if Trump sticks to his tariff plans. That event saw the Dow drop 22.6 percent in one day.
“If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario … the one where we went down three days and then down 22 percent on Monday, has the most cogency,” Cramer said on his show Saturday, per the New York Post.
Read more: https://thehill.com/homenews/administration/5235220-us-stocks-tariff-impact/
= new reply since forum marked as read
on Cramer.
with spines, where are you now that we need you?
*Goldwater took the message to Nixon that HE WOULD RESIGN or the GOP would do it for him!
