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S&P 500 dips lowest in 3 months on Trump's failed tax cuts, economic agenda

Stocks rallied sharply after the election of Donald Trump as president

Reuters  |  New York 

US stocks sold off on Thursday, with the S&P 500 recording its biggest daily percentage drop in three months as escalating worries about the Trump administration's ability to push through its economic agenda rattled investors. The benchmark index also closed at its lowest since July 11, with the day's move marking the first time since the Nov. 8 election of two days with more than 1 percent declines so close together. The index dropped 1.4 percent last Thursday, as concern over a possible conflict between the United States and North Korea hit the market. The falls mark a ...

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First Published: Fri, August 18 2017. 13:16 IST
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