Last night, the roller coaster market in the US stock market began with a rumor.

On April 7, just after 10 a.m. Eastern Time, the Siebert trading hall in the Center of Manhattan suddenly burst into screams. Mark Malek, the company's chief investment officer, rushed out of the office and heard the chief trader shouting that US President Donald Trump is considering suspending the implementation of full-scale reciprocal tariffs.

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The traders eagerly hope that good things will not have time to verify, and the source is just a normal tweet on X. What's strange is that CNBC, Reuters and other media also quickly reported the same fake news.

The old Malek doesn't buy it. "I think this is nonsense," he blurted out. However, after only a few seconds, he was surprised to find that the stock market was rising wildly, and the S&P 500 recovered all the lost ground in the early trading, and once rose 3.4%. “The market is very sensitive,” Malek said, “and the word “like needle felt” is simply not enough to describe.”

However, the power of the rumor lasted only about 7 minutes. The White House social media account "Rapid Response 47" posted three consecutive posts saying that the news reported by the media was "wrong and fake news." CNBC and Reuters also issued statements to withdraw the error report and correct it.

When traders realize that the news is not real, the large-scale market sell-off begins again. It was simply crazy. The market value of the S&P 500 increased by more than $2.5 trillion in 7 minutes, and evaporated at the same speed.

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In short, this farce lasted for about 15 minutes, making Wall Street happy, but fortunately, the White House began to calm market sentiment and US stocks were temporarily stable.

In the late trading session, Trump said he did not consider suspending the full implementation of reciprocal tariffs, but was open to negotiations. White House aides have also continuously sent signals that they have begun negotiations with more than 50 countries.

As of the close, the Dow Jones Industrial Average fell 0.91%, the S&P 500 fell 0.23%, and the Nasdaq rose 0.10%.

A misunderstanding has been exposed, and the market focus is still Trump's daily change of tariffs, and the Federal Reserve's policy has temporarily taken the stand.