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Today: April 18, 2025
Today: April 18, 2025

Wall St pares gains after CNBC says White House not aware of tariff pause

Traders work on the floor at the New York Stock Exchange, in New York
April 07, 2025
Reuters - Reuters

(Reuters) - Wall Street's main indexes fell back into the red in choppy trade on Monday after CNBC reported White House officials were not aware of U.S. President Donald Trump considering a 90-day pause in tariffs for all countries except China.

The White House denial came after stocks rose on a CNBC report about Trump considering a tariff pause.

CNBC did not immediately respond to a Reuters request for comment.

At 10:39 a.m. the Dow Jones Industrial Average fell 996.97 points, or 2.60%, to 37,317.89, the S&P 500 lost 115.21 points, or 2.27%, to 4,958.87, and the Nasdaq Composite lost 320.20 points, or 2.06%, to 15,266.70.

(Reporting by Pranav Kashyap in Bangalore; Editing by Shounak Dasgupta)

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