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Wednesday, May 17, 2017

MARKET SELLOFF : Trump-Comey Memo Turmoil Socks Wall Street, Stocks See Worst Day in Eight Months

U.S. equity markets sold off sharply on Wednesday, as investors were spooked by media reports about a memo written by former FBI director James Comey regarding a meeting with President Donald Trump. According to preliminary calculations at the closing bell, stocks ended the day at session lows. The Dow Jones Industrial Average dropped 370 points, or 1.77%, while the broader S&P 500 shed 1.8% and the tech-heavy Nasdaq Composite index dropped 2.35%.

More on this story: http://www.foxbusiness.com/markets/2017/05/17/trump-s-comey-controversy-rattles-investors-as-stocks-tank.html



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