On Monday afternoon, U.S. stock markets experienced significant volatility following a report suggesting that a Trump advisor indicated a potential 90-day pause on tariffs. This speculation led to a brief market rebound, with the S&P 500 index rising approximately 7% from its earlier low. However, the White House quickly denied these claims, labeling them as 'fake news,' which resulted in markets returning to negative territory. By the end of the trading day, the Dow Jones Industrial Average fell by 0.9%, while the Nasdaq Composite saw a slight increase of 0.1%, and the S&P 500 closed down by 0.2%. Prior to the tariff pause rumors, all three major U.S. stock indexes had already been on a downward trend, each dropping more than 3% at the market's opening.