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The Comey memo has set up a ‘tug of war’ on Wall Street

tug of war

US stocks on Wednesday had their most acute sell-off since President Donald Trump took office.

At issue were compounding reports that shifted lawmakers’ focus away from Trump’s economic agenda. The New York Times reported on Tuesday that Trump asked James Comey, then the FBI director, to drop an investigation into former national security adviser Michael Flynn in February.

For a quiet market that had largely ignored political risk, Wednesday’s sell-off raised questions about whether Wall Street has given up on Trump’s agenda to cut taxes and ease regulations.

To be sure, many investors were aware that Washington can be read more >>>

Source:: BusinessInsider.Com

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