Traders work on the floor Monday at the New York Stock Exchange in New York. Seth Wenig/AP
Seth Wenig/AP
Multi-trillion-dollar stock market swings on Monday appear to have been set off by false reports on Elon Musk’s X. Experts say the episode highlights the social media site’s enduring influence, even as it helps amplify falsehoods.
How did it happen?
Around 8:30 a.m. ET, the National Economic Council’s Kevin Hassett was asked during a live Fox News interview whether President Trump would consider a 90-day pause to the sweeping tariffs he imposed