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

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’

Updated on: Apr 7, 2025, 05:18:45 IST

By Yash Nitish Bajaj

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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. The losses followed Trump's ‘Liberation Day’ tariffs announcement on Wednesday. More than $6 trillion have been wiped away from the stock market, according to an AFP report.

President Trump, however, dismissed the market crash as a ‘great time to get rich’. In a Truth Social post, he wrote: “To the many investors coming into the United States and investing massive amounts of money, my policies will never change. This is a great time to get rich, richer than ever before!!!”

“Big business is not worried about the Tariffs, because they know they are here to stay, but they are focused on the BIG, BEAUTIFUL DEAL, which will SUPERCHARGE our Economy. Very important. Going on right now!!!” he added.

ABOUT THE AUTHOR
Yash Nitish Bajaj
Yash Bajaj is a Chief Content Producer with a strong foundation in US coverage, digital strategy, and audience-focused storytelling. As part of the US Desk at Hindustan Times, he covers a wide range of topics - from American politics to sports (NFL, NBA, derbies, MLB and more). Before joining Hindustan Times, Yash served as Deputy News Editor at Times Now, where he oversaw international coverage and led a team of six. In this role, he significantly expanded global traffic through strategic planning, SEO-driven content execution, and meticulous trend tracking across platforms. He is experienced in managing high-pressure breaking-news shifts, coordinating live coverage, and building newsroom systems that improve speed, accuracy, and reach. Prior to Times Now, Yash held a position at Opoyi, where he headed the Sports and US news team. He developed broad editorial strategies, guided reporters across multiple beats, and played a key role in recruiting and training new talent. His responsibilities also extended to social media management and experimenting with innovative content formats. A passionate NFL fan, Yash is a die-hard supporter of the Cincinnati Bengals and has followed Joe Burrow closely since his college days at LSU. Whether breaking down top players' latest performance, analyzing team performances, or tracking roster moves, he brings the same dedication and sharp storytelling to his sports coverage as he does to American politics and breaking news. When he’s not writing, Yash can often be found watching games or debating the latest NFL storylines with fellow fans. Yash holds a Bachelor of Mass Media (Journalism) from HR College, Mumbai University. His interests extend well beyond the newsroom: he is an enthusiastic explorer of AI tools, a movie buff with an ever-growing watchlist, and someone who enjoys unraveling conspiracy theories for fun.Read More

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