{"id":11042,"date":"2025-04-11T15:17:19","date_gmt":"2025-04-11T15:17:19","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/11042\/"},"modified":"2025-04-11T15:17:19","modified_gmt":"2025-04-11T15:17:19","slug":"market-crash-stocks-just-rallied-9-on-fake-news-of-tariff-delay","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/11042\/","title":{"rendered":"Market Crash: Stocks Just Rallied 9% on ‘Fake News’ of Tariff Delay"},"content":{"rendered":"

Desperate for some relief from the relentless three-day stock rout<\/a>, investors sparked a momentary rally Monday apparently based on what turned out to be fake news.<\/p>\n

The S&P 500<\/a> rallied 8.5% in 34 minutes midmorning, briefly adding $3.6 trillion in market value.<\/p>\n

That was after it fell as much as 4.7% and officially entered bear market territory<\/a> at the opening bell. At its intraday peak, the S&P 500 was up 3.4% for the day.<\/p>\n<\/p>\n

The stock market’s whiplash on Monday indicates just how desperately investors are seeking a change in direction from the Trump administration.<\/p>\n

And the mixed messaging from the White House isn’t necessarily helping.<\/p>\n

When asked in the Oval Office on Monday if the administration is using tariffs as a negotiating tactic or if they’re permanent, Trump said, “Both can be true.”<\/p>\n

“There can be permanent tariffs and there can also be negotiations,” he said.<\/p>\n

Trump also said that he was considering an additional 50% tariff against China in reaction to that country’s retaliatory tariffs announced on Friday.<\/p>\n

For all the volatility, the stock market finished the day about flat.<\/p>\n

Here’s where indexes stood at the 4 p.m. market close on Monday:<\/strong><\/p>\n

Here’s how today’s trading action went down.<\/p>\n

The abrupt morning rally appears to have been sparked by talk of a 90-day delay to the tariffs to allow for negotiations.<\/p>\n

Investors and companies have been desperately seeking relief from the president’s trade war. Market pros say if his tariffs are enacted, they could usher in a new global trading order of uncertainty and protectionism.<\/p>\n

Talk of a 90-day delay to the tariffs started circulating on Wall Street Monday morning, preceding the massive rally on Wall Street.<\/p>\n

The source of the rumor appears to be a popular financial account on X that rapidly shares finance-related headlines.<\/p>\n

The @DeItaone account, named *Walter Bloomberg, shared a now deleted post at 10:13 a.m. ET that said: “HASSETT: TRUMP IS CONSIDERING A 90-DAY PAUSE IN TARIFFS FOR ALL COUNTRIES EXCEPT CHINA.”<\/p>\n

The post referenced a Fox News interview from earlier in the day with Kevin Hassett, the director of the National Economic Council.<\/p>\n

Hassett was asked whether the president would consider a 90-day pause on tariffs so countries would have more time to negotiate, as advocated by the billionaire investor Bill Ackman<\/a> and former Goldman Sachs CEO Lloyd Blankfein.<\/p>\n

“I think the president is going to decide what the president is going to decide,” Hassett responded.<\/p>\n

The White House later told CNBC that a 90-day tariff pause was “fake news.” Stocks quickly gave up their sharp gains after the report of a delay was shot down.<\/p>\n

Investors did still hold on to some hope of trade deals heating up after Treasury Secretary Scott Bessent said in a post to X that Trump instructed him to open up negotiations with Japan.<\/p>\n","protected":false},"excerpt":{"rendered":"Desperate for some relief from the relentless three-day stock rout, investors sparked a momentary rally Monday apparently based…\n","protected":false},"author":2,"featured_media":11043,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,4094,3590,7571,7575,6616,2441,1327,7576,7577,7578,7574,7573,3075,7572,1757,16,15,7579],"class_list":{"0":"post-11042","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-country","10":"tag-day","11":"tag-fake-news","12":"tag-hassett","13":"tag-investor","14":"tag-markets","15":"tag-monday","16":"tag-negotiation","17":"tag-pause","18":"tag-post","19":"tag-president","20":"tag-stock","21":"tag-tariff","22":"tag-tariff-delay","23":"tag-trump","24":"tag-uk","25":"tag-united-kingdom","26":"tag-wall-street-monday-morning"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114319998519813014","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/11042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=11042"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/11042\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/11043"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=11042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=11042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=11042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}