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Tariff rumor briefly lifts markets

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A tariff rumor that has been denied by the White House briefly lifted markets on Monday.

Reports suggested the Trump administration was considering a pause on tariffs. However, the White House debunked the rumor as “fake news.”

Among stock movement caused by the rumor, the Dow Jones Industrial Average erased a morning loss of 1,700 points, increased by 800 points and then retreated to a loss of 629 points, according to The Associated Press.

Read more from The Associated Press.

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