Why did the dow drops 300 points today

Author: andrey_stroi Date of post: 05.06.2017

Dow drops points as worries about Trump slam the stock market - LA Times

The Dow Jones industrial average ended about points lower, with Goldman Sachs contributing the most losses.

The major indexes also gave up their gains for the month. NBC News confirmed Tuesday a report from The New York Times that former FBI Director James Comey put together a memo outlining a conversation in which President Donald Trump allegedly asked him to halt an investigation into Michael Flynn , the former national security adviser.

Later on Tuesday, House Oversight Committee Chairman Jason Chaffetz asked the FBI for any records it has on communications between Trump and Comey. S Bank Private Client Reserve.

DJIA News - Dow Jones Industrial Average Company News & Press Releases - MarketWatch

Traditional safe havens caught a bid as the benchmark year yield fell to about 2. The yen also rose against the dollar to trade at Stocks have rallied all year in part because of the hope for lower corporate taxes.

The administration has said in the past that it uses the stock market as its economic report card , but the White House said Wednesday it had no comment on the sell-off.

CNBC: Dow Plummets Over 1,000 Points at the Open

But equities would take a big hit if Trump were impeached, Jack Welch, the former CEO of General Electric who has the president's ear, told CNBC on Wednesday. The CBOE Volatility Index VIX , widely considered the best gauge of fear in the market, jumped more than 40 percent Wednesday , lifting it to its highest level since April These days tend to happen and people sometimes forget that," said Jeremy Bryan, portfolio manager at Gradient Investments.

The risk to the Trump agenda also presents a problem for the Federal Reserve, said Larry McDonald, author of The Bear Traps Report and head of global strategy at ACG Analytics. DXY says no way Jose.

why did the dow drops 300 points today

The FOMC could very well be on Hold for the Rest of ," McDonald said in a note. The Fed has signaled it intends to raise rates twice more this year, after a quarter-point hike in March. The central bank's policymaking committee is slated to meet next month. Market expectations for June rate hike are The Dow Jones industrial average fell The Nasdaq pulled back About four stocks declined for every advancer at the New York Stock Exchange, with an exchange volume of Wal-Mart, Alibaba , Applied Materials, Autodesk, Salesforce.

Campbell Soup , Deere, Foot Locker. Asia Europe Stocks Commodities Currencies Bonds Funds ETFs Investing Trading Nation Trader Talk Financial Advisors Personal Finance Etf Street Portfolio Watchlist Stock Screener Fund Screener Tech Mobile Social Media Enterprise Gaming Cybersecurity Tech Guide Make It Entrepreneurs Leadership Careers Money Specials Shows Video Top Video Latest Video U.

Video Asia Video Europe Video CEO Interviews Analyst Interviews Full Episodes Shows Watch Live CNBC U. Business Day CNBC U. Primetime CNBC Asia-Pacific CNBC Europe CNBC World Full Episodes. Log In Register Log Out News Economy Finance Health Care Real Estate Wealth Autos Consumer Earnings Energy Life Media Politics Retail Commentary Special Reports Asia Europe CFO Council.

Asia Europe Stocks Commodities Currencies Bonds Funds ETFs. Make It Entrepreneurs Leadership Careers Money Specials Shows Investing Trading Nation Trader Talk Financial Advisors Personal Finance Etf Street Portfolio Watchlist Stock Screener Fund Screener.

Tech Mobile Social Media Enterprise Gaming Cybersecurity Tech Guide Video Top Video Latest Video U. Video Asia Video Europe Video CEO Interviews Analyst Interviews Full Episodes.

Primetime CNBC Asia-Pacific CNBC Europe CNBC World Special Reports Top States Paris Airshow Trailblazers Trading the World CNBC Disruptor 50 Lasting Legacy Modern Medicine College Game Plan Investing in: Israel Tech Drivers The Brave Ones Trading Nation Shaping the future Future Opportunities.

Register Log In Profile Email Preferences PRO Sign Out. Market Movers Dow 30 NASDAQ IQ Sectors World Heat Map US Americas Asia EU. The Nasdaq composite posted its worst session since June Traditional safe havens, in turn, caught a bid as the benchmark year yield fell to about 2.

The dollar index DXY hovered near its lowest level since November. On tap later this week: Philadelphia Fed survey 1: Cleveland Fed President Loretta Mester Friday Earnings: Campbell Soup , Deere, Foot Locker 9: Louis Fed President James Bullard.

Dow Jones Drops By Points As Trump Remains Embroiled In Controversy : NPR

Fred Imbert Markets Reporter. To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

YOUR BROWSER IS NOT SUPPORTED.

why did the dow drops 300 points today

Please upgrade to watch video. The requested video is unable to play. The video does not exist in the system. Please disable your ad blocker on CNBC and reload the page to start the video.

inserted by FC2 system