(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 […]
Business
Wall St pares gains after CNBC says White House not aware of tariff pause
Audio By Carbonatix
(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)