Hopes that President Donald Trump could delay the sweeping reciprocal tariffs his administration announced last week appears to be the driving force behind the wild volatility in markets Monday morning.
What To Know: Trump announced aggressive tariffs on numerous countries last week, raising concerns about higher prices for consumers, weakening demand and a potential recession.
The tariff announcement sparked a massive selloff in broader markets with the S&P 500 closing out its worst week since the COVID-19 pandemic in 2020. Stocks entered bear market territory Monday morning but staged a sharp reversal after a headline circled suggesting Trump was considering a 90-day pause on tariffs, citing National …Full story available on Benzinga.com
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