{"id":1293238,"date":"2025-04-08T07:40:54","date_gmt":"2025-04-08T02:10:54","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1293238"},"modified":"2025-04-08T07:44:01","modified_gmt":"2025-04-08T02:14:01","slug":"us-markets-gained-lost-3-trillion-in-few-hours-due-to-fake-news","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/us-markets-gained-lost-3-trillion-in-few-hours-due-to-fake-news\/","title":{"rendered":"US Markets Gained & Lost $3 Trillion In Few Hours Due To Fake News!"},"content":{"rendered":"\n

The Dow plunged 755 points, or 2%, following last week\u2019s brutal back-to-back 1,500-point drops\u2014marking the worst consecutive sessions in Wall Street history. The Nasdaq slid 1.2% as tech stocks were offloaded in a rush to raise cash.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

At 10:10 AM ET, rumors began circulating that the White House was considering a 90-day pause on tariffs<\/a>. CNBC reported this possibility at 10:15 AM, sparking a $3 trillion rally in just eight minutes. But by 10:25 AM, officials denied the claim, and by 10:40 AM, the S&P 500 had shed $2.5 trillion. The rollercoaster was fueled entirely by misinformation.<\/p>\n\n\n\n

\ud83d\udcc9 S&P 500 Teeters Near Key Support Level<\/h3>\n\n\n\n

As the market bleed continued, traders began searching for technical support. BTIG\u2019s Jonathan Krinsky highlighted the 200-week moving average of the S&P 500 at 4,674 as a potential bottom. If breached, it could erase all gains made in 2024 and drag the index back to 2023 closing levels.<\/p>\n\n\n\n

\ud83e\udde8 Larry Fink: \u201cThe Canary Is Sick\u201d<\/h3>\n\n\n\n

BlackRock CEO Larry Fink painted a bleak picture, telling the Economic Club of New York that many CEOs already view the U.S. economy as being deep in recession. He didn\u2019t rule out another 20% drop, warning that the worst may not be over yet.<\/p>\n\n\n\n

Despite the gloom, Fink said long-term opportunities remain\u2014but only for those who can endure major volatility.<\/p>\n\n\n\n

\u26a0\ufe0f Washington\u2019s Policy Gaps in Focus<\/h3>\n\n\n\n

Fink criticized the lack of follow-through on key economic reforms from the Trump administration, including tax overhauls and infrastructure acceleration. Without them, the economy risks stagnation and reliance on market speculation rather than real growth.<\/p>\n\n\n\n

He also emphasized how tariffs directly impact ordinary Americans and warned that many don\u2019t realize how vulnerable they are to market chaos. \u201c62% of Americans own equities,\u201d Fink reminded\u2014most people are in the game whether they like it or not.<\/p>\n\n\n\n

Image<\/a><\/p>\n\n\n\n

\n","protected":false},"excerpt":{"rendered":"

The Dow plunged 755 points, or 2%, following last week\u2019s brutal back-to-back 1,500-point drops\u2014marking the worst consecutive sessions in Wall Street history. The Nasdaq slid 1.2% as tech stocks were offloaded in a rush to raise cash. At 10:10 AM ET, rumors began circulating that the White House was considering a 90-day pause on tariffs. […]<\/p>\n","protected":false},"author":30,"featured_media":1293250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7519],"class_list":["post-1293238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-us-stock-markets"],"acf":[],"yoast_head":"\nUS Markets Gained & Lost $3 Trillion In Few Hours Due To Fake News! - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/us-markets-gained-lost-3-trillion-in-few-hours-due-to-fake-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Markets Gained & Lost $3 Trillion In Few Hours Due To Fake News! - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"The Dow plunged 755 points, or 2%, following last week\u2019s brutal back-to-back 1,500-point drops\u2014marking the worst consecutive sessions in Wall Street history. 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