Markets Lurch on False Tariff Report

“Stocks swung dramatically Monday after a false report that the White House would pause most of President Trump’s tariffs for 90 days,” Axios reports.

“The report caused a wild 8% swing in about 30 minutes that has little precedent in market history, moving potentially trillions of dollars in assets — a clear sign of how desperate people are for any sign of relief from Trump’s looming tariff regime.”