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U.S. tax bill, Russian probe whipsaw financial markets

Reuters  |  NEW YORK 

By Rodrigo CamposNEW YORK (Reuters) - U.S. stocks, the dollar and Treasury yields sank on Friday after an ABC report said former national security adviser Michael Flynn was prepared to testify that Donald Trump instructed him to make contact with Russians during the presidential campaign.The sharp moves partially reversed after U.S. Senate Republicans said they had enough support to pass a tax overhaul bill later in the day.The S&P 500 closed at a record high on Thursday partly on hopes of passage of the Senate bill, expected to cut corporate taxes."It looks like (the moves in markets are) a ...

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First Published: Sat, December 02 2017. 02:06 IST