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S&P braces for worst day since September on concerns over Trump turmoil

Disappointing US economic data also weighed on markets

Reuters  |  New York 

US stocks and the dollar fell while bond prices rose on Wednesday as reports on US President Donald Trump raised questions about his ability to deliver on tax and regulatory reform. All three major US stock indexes were down more than 1 per cent, with S&P 500 on track for its worst day since September 13. The dollar index has erased its post-election gains. Disappointing US economic data also weighed on markets. Reports that Trump asked then-Federal Bureau of Investigation (FBI) Director James Comey to end a probe into his former national security advisor have raised ...

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First Published: Wed, May 17 2017. 22:06 IST