One X Post Causes Market Turmoil Over False Trump Tariff News

A single X post, falsely claiming a pause in Trump's tariffs, triggered significant market volatility on April 7, 2025. The erroneous information, which originated from a tweet, led to a rapid sell-off in the stock market, causing widespread confusion and financial losses. CNBC was among the media outlets that initially reported the false news, later issuing an on-air correction to clarify the situation.

The incident underscores the power of social media in influencing financial markets and the importance of verifying information before dissemination. The market's reaction was swift, with stocks plummeting before recovering once the truth was revealed. This event has reignited discussions about the need for stricter regulations on social media platforms to prevent the spread of misinformation that can have real-world economic impacts.

Wall Street analysts are now calling for better mechanisms to combat fake news, especially in the financial sector, where the stakes are high. The episode serves as a stark reminder of the fragility of market confidence and the potential for social media to disrupt economic stability.

• CNBC
• Trump
• Wall Street
• X

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What is the US futures market?

A futures market is an exchange where futures contracts are traded by participants who are interested in buying or selling these derivatives. In the U.S., futures markets are largely regulated by the Commodity Futures Trading Commission (CFTC), with futures contracts standardized by exchanges.

What are futures in the stock market?

Definition. Futures are derivative financial contracts that obligate parties to buy or sell an asset on a predetermined date at a predetermined price.

When does the stock market open?

The Toronto Stock Exchange (TSX), New York Stock Exchange (NYSE), and Nasdaq (NASDAQ) all share the same regular trading hours – between 9:30 a.m. and 4 p.m. ET, Monday to Friday, except stock market holidays.

What time do futures open?

What are the trading hours for Equity Index futures? Sunday – Friday 5:00 p.m. – 4:00 p.m. Central Time (CT) with a trading halt from 4:00 p.m. – 5:00 p.m. CT.