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Wall Street - Trump slump set to extend into second day


By Yashaswini SwamynathanREUTERS - A selloff in U.S. stocks looked set to extend into its second day on Thursday as a series of scandals cast a shadow over Donald Trump's presidency and the future of his ambitious pro-growth agenda.Reports that Trump had tried to intervene in an ongoing federal investigation led to the harshest selloff in U.S. stocks on Wednesday since his election in November.Investors unwound positions made on hopes that Trump's promises such as tax cuts and infrastructure spending would stoke economic growth and inflation.Reports that Trump's former National Security ...

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First Published: Thu, May 18 2017. 18:36 IST