False social media post about Trump tariff reversal briefly spiked markets, then dropped due to uncertainty

From StockTwits: 2025-04-08 05:56:00

A verified handle on X posted that Donald Trump was allegedly considering pausing the roll-out of tariffs for 90 days, causing a spike in the S&P 500. The market initially jumped 3.4%, but later dropped due to uncertainty over Trump’s tariff plans. News outlets reported the development, but the White House denied the claims. The stock market quickly fell again after corrections were issued. Despite the chaos, one user highlighted the impact of a verified handle spreading false news. The S&P 500 dropped 0.23%, the Dow Jones fell 0.91%, and the Nasdaq ended 0.10% lower. The VIX closed at 46.98, its highest in five years.



Read more at StockTwits: How One Social Media Post Briefly Flipped Markets And Fueled False Hopes Of A Trump Tariff Reversal