Stocks Tumble, Trump's Potential Market Hero

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tariff pain

CNN

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US Politics

The markets just gave Trump an off-ramp. Your move, Mr. President

Summary

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66% Informative

Stocks tumbled Monday as investors around the world tried to digest just how devastating Trump ’s self-inflicted tariff pain will be to the global economy.

On Wall Street, major indexes opened more than 3% lower, in so-called bear-market territory.

But less than an hour after the market opened, stocks abruptly reversed course, surging 8% in a matter of minutes .

The jolt into positive territory was short-lived — a spark of hope kindled by a bogus rumor that Trump was weighing a delay on tariffs.

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informal

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English

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Offensive language