U.S. stocks seesawed Monday, as investors embarked on the first day of trading after President Donald Trump’s baseline 10 percent tariffs on imports went into effect.
After opening sharply down, markets were gripped by volatility fueled by social media speculation that Trump was considering a 90-day pause on tariffs for all countries except China. The White House later described those reports as “fake news” in a post on social media.
As of Monday at 2:25 p.m. ET, the Dow Jones Industrial Average was down under 100 points, while the Nasdaq was up 130 points. The Dow’s modest decline came after an up-and-down morning trading that saw stocks plummet as much as 1,600 points before making a rebound.
Original News Source Link – Epoch Times
Running For Office? Conservative Campaign Consulting – Election Day Strategies!