According to CNBC, the U.S. stock market was battered for the third day in a row on Monday as Trump's shockingly high tariffs on most of the U.S.'s major trading partners sent markets crashing, but the White House remained unmoved. Shortly after the opening bell, the stock market rallied briefly, sending the Dow Jones Industries Average Index into higher territory. Speculation about some form of tariff suspension was circulating on the trading floor and on social media, which may have contributed to the stock market's rally at one point. The White House told CNBC that any suggestion of a 90-day suspension (of tariffs) was "fake news".