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Whipsawed by Washington, Wall Street ends modestly lower

Reuters  |  NEW YORK 

By Lewis Krauskopf and April JoynerNEW YORK (Reuters) - Wall Street fell on Friday, whipsawed by developments with a probe into Russia's alleged involvement in the U.S. election as well as with progress on a tax bill in Congress.Major indexes ended lower after an ABC News report that former national security adviser Michael Flynn was prepared to testify that before taking office President Donald Trump had directed him to make contact with Russians.The benchmark S&P 500 was down as much as 1.6 percent following the report. Flynn pleaded guilty on Friday to lying to the FBI about contacts with ...

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First Published: Sat, December 02 2017. 03:55 IST