Stocks Plunge After Trump’s Tariff Rumor Debunked
Wall Street experienced a sharp decline today following a series of events sparked by a false rumor about tariffs, which President Trump labeled as 'fake news'. Initially, stocks dropped significantly when reports surfaced suggesting that Trump was considering new tariffs on imports, causing widespread panic among investors. However, the situation escalated when Trump publicly debunked the rumor on social media, clarifying that no such tariff plans were in place.
The confusion was further compounded when CNBC admitted to airing unconfirmed information regarding a supposed pause on the tariffs, adding to the market's volatility. This incident has highlighted the significant impact that misinformation can have on financial markets, especially when propagated through influential media outlets and social media platforms.
Analysts are now reassessing their positions, trying to stabilize the markets amidst this turmoil. The event underscores the fragile nature of investor confidence and the critical need for accurate information dissemination in the age of digital media.
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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.
When do US stock futures open?
Futures trading hours basics Generally, futures start trading every Sunday at 5 p.m. Central Time (CT) and close the following Friday at 4 p.m. CT.
When do futures markets open?
Most futures markets are open nearly 24 hours per day, from Sunday evening until Friday afternoon, but some futures products have unique trading hours.
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.
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