[ April 11, 2026 ]
he US stock market just gained and lost several trillion dollars of market cap in a matter of minutes due to a fake headline claiming that Trump was considering a pause on tariffs.
Trillions, lost, found, lost. Hold the line.
You just saw evidence the fluctuations in the market are an illusion.
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INSANE market action right now. Market exploded higher on a headline attributed to Kevin Hassett. And now nobody can figure out where it came from and the markets are diving again.
An 8% surge and then a 3.5% plunge in a matter of seconds pic.twitter.com/HAcWqgrrch
— Joe Weisenthal (@TheStalwart) April 7, 2025
S&P adding and erasing $2.5 trillion in under an hour on a fake rumor. Close the markets. pic.twitter.com/RVjpIiWlUb
— Morning Brew ☕️ (@MorningBrew) April 7, 2025
Just witnessed the biggest US market manipulation in real time, based on fake news😂. NASDAQ moved more than 1000 points on the "90-day pause on tariffs" fake news in less than 10 minutes!
— Maggie (@maggynduati) April 7, 2025
White House dismisses rumor that led markets to jump: ‘Fake News
By: The Hill, April 7, 2025:
ADVERTISEMENTThe White House pushed back on the idea that President Trump is considering a 90-day pause on tariffs as “fake news” after it spread on social media and caused the stock market to jump.
“Wrong. Fake News,” the White House said on X, sharing a post that Trump is reportedly expecting to do a pause.
A White House official also told The Hill “fake news” when asked about the reports.
The social media action began when a user on X, Walter Bloomberg, posted that Kevin Hassett, director of the National Economic Council, said Trump is considering a 90-day pause on all countries except China. The post caused major moves on the stock market, with a surge followed by a plunge within seconds.
The report appeared to be an incorrect interpretation of a Hassett interview on Fox News earlier that day. Before markets opened, Hassett was asked if Trump would consider doing a 90-day pause, and he punted on the question.
“I think the president is going to decide what the president is going to decide,” Hassett said.
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