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Stocks, dollar sink as investors rethink 'Trump trade'

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - U.S. stocks and the dollar sold off and bond prices rallied on Wednesday as investors fled risky assets amid uncertainty about U.S. President Donald Trump's ability to deliver on tax and regulatory reform.Reports that Trump asked then-FBI Director James Comey to end a probe into the former national security adviser have raised questions over whether Trump tried to interfere with a federal investigation. U.S. stock market declines picked up in afternoon trading. The Dow Jones Industrial Average was down more than 300 points and the CBOE Volatility ...

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First Published: Thu, May 18 2017. 00:44 IST
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