Fake News Just Caused One Of The Most Insane Turns In The Stock Market In Modern History

Posted • April 7, 2025: One of the craziest turns in the stock market in modern history occurred Monday morning, and it was all based on fake news. Before the opening, futures showed another bad day for stocks on the horizon, with all three major markets bracing for another large drop. That initially happened, but then a claim about what Kevin Hassett, one of President Donald Trump's top economic advisors, said went viral. Everyone from CNBC to Reuters blared headlines proclaiming a "90-day pause" on tariffs was being considered in light of countries offering to enter into negotiations. That sent stocks flying, with the Nasdaq and S&P 500 (where most 401s are heavily invested) at or above three percent gains. —— DOW Jones, S&P 500, and NASDAQ are rallying, reversing earlier losses https://pbs.twimg.com/media/Gn8D_AJW0AElPPu?format=jpg&name=large —— There was just one problem: The report was false. The White House's rapid response account gave an unequivocal rebuttal, seemingly ending the idea that any such agreement was under consideration. (…)

• More at: RedState - Fake News Just Caused One of the Most Insane Turns in the Stock Market in Modern History
https://redstate.com/bonchie/2025/04/07/fake-news-just-caused-one-of-the-most-insane-turns-in-the-stock-market-in-modern-history-n2187576
Townhall: This News Outlet Just Sent the Stock Market Into a Frenzy With Fake News About Trump's Tariffs
https://townhall.com/tipsheet/jeff-charles/2025/04/07/cnbc-publishes-false-headline-about-trump-pausing-tariffs-causing-stock-market-rollercoaster-n2655112