'Fake news' and a $4 trillion swing: Inside the stock market's wild moves today

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• The S&P 500 surged 8.5% in 34 minutes amid tariff delay rumors.
• Investors hoped for relief from tariffs, but the White House denied reports of a 90-day pause.
• While investors hoped for a pivot from President Trump, he was focused on new 50% tariffs against China.

Desperate for some relief from the relentless three-day stock rout investors sparked a momentary rally based on what turned out to be fake news on Monday.

The...