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US stocks, dollar take a beating over tax bill, Russian probe

Stocks and the greenback tanked mid-session

Reuters  |  New York 

US stocks, the dollar and Treasury yields fell on Friday in a volatile session tied to developments in a probe into Russia's involvement in the U.S. election as well as by progress with a tax bill in Congress. Stocks and the greenback tanked mid-session after an ABC report that former national security adviser Michael Flynn was prepared to testify that Donald Trump instructed him to make contact with Russians during the presidential campaign. The sharp moves partially reversed after U.S. Senate Republicans said they had enough support to pass a tax overhaul bill later in the ...

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First Published: Sat, December 02 2017. 09:35 IST