Wall Street jumps after White House adviser says Trump considering 90-day pause in tariffs

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serendipity

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Wall Street’s main indexes reverse course and move sharply higher after White House economic adviser Kevin Hassett says in an interview that US President Donald Trump was considering a 90-day tariff pause on all countries except China.

At 10:20 a.m. the Dow Jones Industrial Average rose 333.50 points, or 0.87%, to 38,614.49, the S&P 500 gained 79.99 points, or 1.69%, to 5,154.07 and the Nasdaq Composite gained 362.69 points, or 2.33%, to 15,950.47.

 
serendipity said:
Wall Street’s main indexes reverse course and move sharply higher after White House economic adviser Kevin Hassett says in an interview that US President Donald Trump was considering a 90-day tariff pause on all countries except China.

At 10:20 a.m. the Dow Jones Industrial Average rose 333.50 points, or 0.87%, to 38,614.49, the S&P 500 gained 79.99 points, or 1.69%, to 5,154.07 and the Nasdaq Composite gained 362.69 points, or 2.33%, to 15,950.47.

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FAKE NEWS. Kamala voters are so dumb and gullible.

 
This doesn't help clarify the situation much.

Monday’s trading session saw an abrupt shift in the trajectory of Wall Street’s main indexes following an unconfirmed report from the White House that a 90-day pause on tariffs was under consideration.

White House refuted these claims around 30 minutes later, denying that The National Economic Council Director Kevin Hassett had previously hinted in an interview on Fox News that President Donald Trump might contemplate such a pause, but did not confirm any decisions.

The markets initially responded positively to Hassett’s comments, with stocks briefly moving into the green on the prospect of eased trade tensions. However, this optimism was short-lived as the White House quickly labeled the report as "fake news," leading to a downturn in the stock market.

As of 10:50 a.m. EST (14:50 GMT), the S&P 500 was down 80 points, or 1.5%. Both the Nasdaq and the S&P 500 had been down about 4% earlier in the session before an unconfirmed rumor surfaced on the social media platform X.

After the reports began circulating, the S&P 500 rebounded as much as 3% before the White House quickly stepped in to deny them.


"Wild Wild West: S&P 500 jumped 7% Monday on ’fake news’"

 
serendipity said:
This doesn't help clarify the situation much.

Monday’s trading session saw an abrupt shift in the trajectory of Wall Street’s main indexes following an unconfirmed report from the White House that a 90-day pause on tariffs was under consideration.

White House refuted these claims around 30 minutes later, denying that The National Economic Council Director Kevin Hassett had previously hinted in an interview on Fox News that President Donald Trump might contemplate such a pause, but did not confirm any decisions.

The markets initially responded positively to Hassett’s comments, with stocks briefly moving into the green on the prospect of eased trade tensions. However, this optimism was short-lived as the White House quickly labeled the report as "fake news," leading to a downturn in the stock market.

As of 10:50 a.m. EST (14:50 GMT), the S&P 500 was down 80 points, or 1.5%. Both the Nasdaq and the S&P 500 had been down about 4% earlier in the session before an unconfirmed rumor surfaced on the social media platform X.

After the reports began circulating, the S&P 500 rebounded as much as 3% before the White House quickly stepped in to deny them.


"Wild Wild West: S&P 500 jumped 7% Monday on ’fake news’"

Click to expand...
It worked on you. :palm:
 
serendipity said:
Wall Street’s main indexes reverse course and move sharply higher after White House economic adviser Kevin Hassett says in an interview that US President Donald Trump was considering a 90-day tariff pause on all countries except China.

At 10:20 a.m. the Dow Jones Industrial Average rose 333.50 points, or 0.87%, to 38,614.49, the S&P 500 gained 79.99 points, or 1.69%, to 5,154.07 and the Nasdaq Composite gained 362.69 points, or 2.33%, to 15,950.47.

Click to expand...
The WH said this is fake news.

"Minutes after reports claimed that US President Donald Trump is considering a 90-day pause in tariffs, the White House has issued a clarification calling it 'fake news'.

Earlier reports had quoted CNBC and Reuters and claimed that White House economic advisor Kevin Hassett had said that the US President is considering a 90-day pause in tariffs for all countries except China. Following the claim, US stocks rebounded sharply on the pause speculation. However, the White House has denied the reports, calling them "false" and "fake news".

www.timesnownews.com

Trump To Hit 90-Day Pause Button On Tariffs?

Stock markets across the world witnessed a bloodbath on Monday due to Trump's 'Liberation Day' tariffs. As markets closed, reports claimed that the US President may consider a 90-day pause in tariffs. The White House has issued a clarification on these claims., US News News - Times Now
www.timesnownews.com www.timesnownews.com
 
Truth Detector said:
What kind of work simpleton?
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I hope he means things like making the tariffs more specific. The US does not need to manufacture foam exercise balls but technology items, defense, and basics like steel and energy protect every American. Europe will import energy from the US if it is at a lower cost than they can get from Russia even though Russia is a much greater threat to Europe's very existence.
Targeted tariffs will help balance the trade deficit and promote a better, more equitable bond with our trading partners.
 
Nordberg said:
It is for using inside knowledge to make money? Is that what you think? OK, you Trumpys are scary.
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It's for manipulating- by whatever means- so that those with the money can buy low and sell high.

Trumpy ? I like your sense of humor

Haw, haw.............................haw.
 
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