The 7-Minute $2.5 Trillion Stock Rally Confounds Wary Investors
A television broadcasts tariff news on the floor of the New York Stock Exchange on April 7.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The rumors only lasted about seven minutes. By then, stock investors realized it was not true that President Donald Trump was pausing tariffs for 90 days and, accordingly, stopped frantically bidding stocks higher.
And yet, they didn’t go back to selling stocks at the same unbridled pace they had earlier in the session or late last week. Benchmark US indexes seesawed between gains and losses throughout the rest of Monday, with a sort of paralysis kicking in.