U.S. stock futures slide as concerns over Trump grow
Weakness for equities, seen in Asia as well, came after The New York Times reported that Trump asked former Federal Bureau of Investigation Director James Comey to stop his investigation into former National Security Adviser Michael Flynn, citing a memo from Comey.
U.S. stock futures fell on Wednesday as doubts grew over whether U.S. President Donald Trump can push forward with his pro-growth agenda.
Perceived haven assets rose, with gold GCM7, +0.57% up $7.40, or 0.6%, to $1,243.70 an ounce, and with the Japanese yen USDJPY, -0.68% rising. The dollar bought ¥112.31, from ¥113.12 late Tuesday.
The dollar overall slumped Tuesday against major rivals, with the ICE Dollar Index DXY, -0.25% dropping to its lowest level since the day after the U.S. presidential election. The dollar index weakened further to 97.922 on Wednesday.
“What investors are worried about is that the impeachment could take place over in the U.S., as the odds are showing more than 50 percent for such an event after the New York Times released its article,” said Naeem Aslam, chief market analyst at Think Markets. “If such scenario does become a reality, we could literally say good bye to Trump’s reflation trade.”
U.S. stock futures slide as concerns over Trump grow or US stock futures slide as Comey firing raises concern about the Trump agenda. Breaking News, Donald Trump, USA News, Sticky, Politics, Washington
U.S. stock futures fell on Wednesday as doubts grew over whether U.S. President Donald Trump can push forward with his pro-growth agenda.
U.S. stock futures slide as concerns over Trump grow or US stock futures slide as Comey firing raises concern about the Trump agendaDow Jones Industrial Average futures YMM7, -0.55% fell 114 points, or 0.5%, to 20,821, while S&P 500 futures ESM7, -0.60% dropped 14.85 points, or 0.6%, to 2,382.50. Nasdaq-100 futures NQM7, -0.49% lost 27.75 points, or 0.5%, to 5,696.50.
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Perceived haven assets rose, with gold GCM7, +0.57% up $7.40, or 0.6%, to $1,243.70 an ounce, and with the Japanese yen USDJPY, -0.68% rising. The dollar bought ¥112.31, from ¥113.12 late Tuesday.
The dollar overall slumped Tuesday against major rivals, with the ICE Dollar Index DXY, -0.25% dropping to its lowest level since the day after the U.S. presidential election. The dollar index weakened further to 97.922 on Wednesday.
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“What investors are worried about is that the impeachment could take place over in the U.S., as the odds are showing more than 50 percent for such an event after the New York Times released its article,” said Naeem Aslam, chief market analyst at Think Markets. “If such scenario does become a reality, we could literally say good bye to Trump’s reflation trade.”
U.S. stock futures slide as concerns over Trump grow or US stock futures slide as Comey firing raises concern about the Trump agenda. Breaking News, Donald Trump, USA News, Sticky, Politics, Washington
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