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Yurkevich explains what caused large swing in the stock market

US stocks were extremely volatile Monday, as traders searched for any sign that President Donald Trump’s tariffs could be negotiated or halted. US stocks opened the day in bear market territory but surged an hour later on rumors that the Trump administration may pause tariffs. A White House official called any suggestion that Trump would pause tariffs “fake news.” CNN's Vanessa Yurkevich explains.

01:19 - Source: CNN
Tariffs and trade 16 videos
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Yurkevich explains what caused large swing in the stock market
01:19
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U.S. President Donald Trump talks to members of the press aboard Air Force One during a flight to Joint Base Andrews, Maryland, U.S., April 6, 2025. REUTERS/Kent Nishimura
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Jake Tapper asks agriculture secretary about tariffs on islands populated by penguins
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People hold up placards during a protest against US President Donald Trump and his senior advisor Elon Musk in central London on April 5, 2025, as part of an International day of protest called "Hands off!". "Hands Off!" demands "an end to this billionaire power grab".
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‘Elon Musk has got to go’: Protesters rally worldwide against Musk, Trump
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Demonstrators rally against U.S. President Donald Trump and his adviser Elon Musk during a 'Hands Off!' protest on the Washington Monument grounds, in Washington, D.C., U.S., April 5, 2025.
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Hear Rubio’s response to 'crashing' markets after tariff news
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WASHINGTON, DC - APRIL 02: U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump announced additional tariffs targeting goods imported to the U.S. (Photo by Chip Somodevilla/Getty Images)
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Your questions about tariffs, answered
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Richard Quest on why Trump's tariffs are going to be 'one big mess' for foreseeable future
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‘I feel like a sucker’: Jim Cramer says he was wrong to have believed Trump on tariffs
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