For the third consecutive day of trading following President Donald Trump’s tariff rollout, U.S. stock indexes dipped as Wall Street anxiously awaits the result of the president’s aggressive move.
The Dow Jones ended Monday down 349 points (0.9%) while the S&P 500 dropped 0.2%, which was a big recovery from earlier in the day when it was down 4.7% at its low. The Nasdaq was down 3% earlier on Monday, but ended the day up 0.1% thanks to investors going in on tech stocks, such as Nvidia and Palantir.
Trading was a rollercoaster ride early in the day as stocks suddenly skyrocketed following a false report that spread on social media claiming that President Donald Trump was considering a 90-day tariff reprieve. The Dow Jones saw a record swing, dropping by more than 1,700 points in the morning before going up 2,595 points. The S&P 500 swung from down 4.7% to up 3.4% during morning…
