Trump's turmoil – the largest market cap fluctuation in history within 30 minutes
Today at 17:10 (Israel time), rumors began to circulate that the White House was considering a '90-day tariff pause'.
17:15 – CNBC reports that Trump is considering a pause on tariffs for all countries except China.
17:18 – The S&P 500 index surges, adding over $3 trillion to market cap since the daily low!
17:25 – Conflicting reports: 'The White House is completely unaware that Trump is considering such a pause'.
17:26 – CNBC retracts: 'The headlines were incorrect'.
17:34 – The White House officially announces: this is 'fake news'.
17:40 – The market reverses: The S&P 500 loses $2.5 trillion in just a few minutes.
The result: In just 30 minutes, the US stock market recorded a market cap fluctuation of nearly $6 trillion – the sharpest move ever recorded in such a short period.