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US shares whipsaw on tariff uncertainty, social media rumors

US shares whipsaw on tariff uncertainty, social media rumors
April 7, 2025



US shares seesawed Monday, as buyers embarked at the first day of buying and selling after US President Donald Trump’s baseline 10% price lists on imports went into impact.After opening sharply down — the S&P 500 at one level tumbled into undergo marketplace territory, a 20% decline from a contemporary top — markets have been gripped by way of volatility fueled by way of social media hypothesis that Trump was once taking into account a 90-day pause on price lists for all international locations with the exception of China.That rumor, which was once in brief reported by way of CNBC, noticed shares surge. The White Area briefly denied that any such pause was once into consideration, sending markets again into the crimson.

OpenAI
Author: OpenAI

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