On Monday, the stock business experienced one of its most dangerous times in recent memory.
Although many people predicted a crisis, the industry ended up in a better state than that. The S&, P 500 and Dow Jones Industrial Average both fell by 0.2 % at the 4 p.m. close, and the NASDAQ Composite increased by 0.1 %.
Financial information is displayed on the New York Stock Exchange’s ground on April 7, 2025, via an electronic display. ( AP Photo/Seth Wenig )
One of the most remarkable moves occurred on the S&, P 500, lasting for 15 minutes, starting at 10:10 a.m. to 10:25 a.m.
At 10:10 a.m., investors learned of a false report that was amplified by CNBC, claiming that Trump was considering a 90-day wait on his” Liberation Day” taxes. Within 10 minutes, the S&, P 500 added$ 3 trillion. The report was immediately criticized by the White House Rapid Response X site, which called it “fake information” and “wrong.”
The S&, P 500 lost$ 2.5 trillion in five days after dealers became aware of the rejection at 10:20 a.m.
The NASDAQ and Dow Jones both reflected the specific structure.
The business continued to fluctuate until 4 p.m., but it ended significantly higher than its small opening.
The Trump administration’s signal that nations were now coming to the table for negotiations caused the little lowering of tensions. Donald Trump turned down offers to discuss commerce with China and rejected a free trade agreement with Europe, arguing that it was insufficient. Treasury Secretary Scott Bessent announced he would direct trade agreements with Japan, while White House Trade Counselor Peter Navarro claimed the European Union’s program was a” great start.”
After a very fruitful phone call with the Japanese government, @POTUS @realDonaldTrump has asked me and @USTradeRep to start negotiations with @JPN_PMO Shigeru Ishiba and his government to adopt the President’s perception for a new Golden Age of Global Trade. https ://t.co/oSXTh5ONOe— Scott Bessent, the secretary of state, on April 7, 2025 ( @SecScottBessent ).
CNBC, SOCIAL MEDIA SPARK STOCK MARKET FRENZY WITH 90-DAY TARIFF “FAKE NEWS”
What Stephen Miran, president of the White House Council of Economic Advisers, called” conflicting narratives” helped to stabilize Wall Street’s uncertainty. He urged business partners to continue to call the White House for conversations.
The market will likely keep highly dangerous for the rest of the week, despite the United States ‘ efforts to prevent a strong repeat of Black Monday in 1987.
