US STOCKS SNAPSHOT-Wall St pares gains after CNBC says White House not aware of tariff pause

ReutersApr 7, 2025 2:46 PM

April 7 (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 .DJI fell 996.97 points, or 2.60%, to 37,317.89, the S&P 500 .SPX lost 115.21 points, or 2.27%, to 4,958.87, and the Nasdaq Composite .IXIC lost 320.20 points, or 2.06%, to 15,266.70.

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