Tue Apr 08 04:45:36 UTC 2025: ## Wild 15-Minute Market Rollercoaster Fueled by Fake News

**New York, NY** – Wall Street experienced a dramatic 15-minute surge and subsequent crash today, driven by a false report on social media claiming President Trump was considering a temporary tariff suspension. The misinformation, originating from an obscure X (formerly Twitter) account, quickly spread to major news outlets like CNBC and Reuters, triggering a frantic buying spree.

At approximately 10:00 AM, the S&P 500 saw a breathtaking 3.4% surge, adding over $2.5 trillion in value within just seven minutes. Trading floors erupted in a mix of disbelief and excitement as traders initially reacted to the purported news that Kevin Hassett, the National Economic Council director, had announced a 90-day pause on tariffs for all countries except China.

However, the euphoria was short-lived. The White House swiftly debunked the report as “fake news,” causing a swift and equally dramatic market reversal. CNBC and Reuters retracted their earlier reports, and the market plummeted, wiping out all gains within minutes.

Veteran traders described the volatility as unprecedented, surpassing even the turbulence seen during the COVID-19 pandemic and the 2008 financial crisis. The speed and magnitude of the swings left many stunned.

While the market ultimately recovered some stability, the episode highlighted the extreme sensitivity of current markets and the potent influence of even false information. Analysts warn that the incident underscores the potential for both rapid gains and devastating losses based on unverified social media reports or inaccurate headlines. The incident has prompted some investors to reconsider their significantly reduced equity positions, acknowledging the considerable risk involved in both market upturns and downturns fueled by misinformation.

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