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Wall St. rebounds from Trump-induced selloff; dollar rises

Reuters  |  NEW YORK 

By Saqib Iqbal AhmedNEW YORK (Reuters) - U.S. stocks recovered ground on Thursday as stronger-than-expected U.S. economic data soothed nerves a day after U.S. biggest selloff in more than eight months, but a key index of global equity markets remained near a three-week low. Robust U.S. economic data helped the U.S. dollar reverse early losses against a basket of major currencies as focus turned to a widely anticipated increase in overnight interest rates by the Federal Reserve.Still, reports that Trump had tried to intervene in an investigation into alleged Russian meddling in last year's ...

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First Published: Fri, May 19 2017. 00:56 IST
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