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Stocks sell off on US President Trump concern; dollar at November level

To deliver on tax and regulatory reform

Caroline Valetkevitch 

US stocks and the dollar dropped and bond prices rallied on Wednesday as investors fled risky assets amid uncertainty about US President Donald Trump’s ability to deliver on tax and regulatory reform. Reports that Trump asked then-FBI Director James Comey to end a probe into the former national security adviser have raised questions over whether Trump tried to interfere with a federal investigation. All three major US stock indexes were down more than 1 per cent. The S&P 500 was briefly on track for its worst day since September 13, but pared some of those losses to put it ...

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First Published: Thu, May 18 2017. 03:10 IST