On the 39th anniversary of the 1987 Black Monday crash, when the Dow plunged 22.6% in a single session, Yahoo Finance's Brian Sozzi argues that fears of a repeat today are unfounded. He cites five reasons: strong corporate earnings, Nvidia trading at 24 times forward earnings, a Federal Reserve that may be done hiking rates for the rest of 2026, Anthropic's expected S-1 filing this week ahead of a mid-November IPO, and no economic data pointing to a sharp slowdown with consumer spending still strong. The 1987 crash wiped out roughly $500 billion in US stock value, and Hong Kong fell 33% after reopening from a four-day shutdown.
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 709.82 |
| Change that session | -2.50% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 763.31 |
| Change that session | -1.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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