The Dow Jones Industrial Average closed at 20,979.75, down 0.1%.
The sell-off on Wall Street came as ongoing political turmoil in Washington further offset optimism about President Donald Trump's ability to implement tax reform and deregulation.
After moving sharply lower early in the session, stocks continue to see significant weakness in mid-day trading on Wednesday. Bonds, utilities and gold rose as traders shunned riskier assets.
"The market is knee-capping Trump because of his constant crises, that now look potentially terminal", said Eric Schiffer, chief executive of The Patriarch Organization, a Los Angeles-based private-equity firm. "What you're seeing is a classic run toward safety". The S&P 500 bank sub-sector was down 4.5 per cent while the broader financial sector sank 3.4 per cent, led by a 6.2 per cent decline in Bank of America stocks and a 4 per cent drop for JPMorgan. The Dow Jones industrial average fell 372 points, and both the Dow and S&P 500 suffered their worst percentage drops since September 9. The tech-heavy Nasdaq index was down more than 2.5 percent.
Bank stocks in particular rallied, as did the stocks of industrial companies, on pledges of rolling back financial regulations and big boosts in infrastructure spending.
Small-company stocks, which would stand to benefit greatly from Trumps' proposed tax cuts, fell more than the rest of the market. They also had risen sharply in the months following the election. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled by 11.3 basis points to 2.216 percent.
Stocks dropped and foreign currencies gained against the US dollar on Wednesday after reports that Trump reportedly asked then-FBI Director James Comey to drop his investigation into former National Security Adviser Michael Flynn's relationship with Russian Federation.
Jays' Ceciliani headed to DL due to shoulder injury Camargo wound up in the game, replacing the injured Freeman and remaining at third base, while Peterson shifted over to first. He has six homers, 12 RBIs, an.854 OPS (on-base plus slugging) and has made several highlight-reel catches in centre field.
The White House embraced the notion of a "Trump Rally", and cited the gains as evidence of its immediate effect on the economy.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped more than 20 percent Wednesday, lifting it to its highest level since April 21. Investors shifted into USA government bonds, pushing yields lower, and into gold.
Gold futures rose 1.7 percent to $1,257.60 an ounce, extending gains to a fifth day.
Banks are leading USA stock indexes sharply lower in midday trading as bond yields fall, which will mean lower interest rates on loans.
Crude futures added 1.25 percent, reversing an earlier 1.3 percent loss, with gains accelerating after the release of US government data on inventories.
Unease over the potential implications of the latest political fallout in Washington also weighed on the dollar. The euro strengthened to $1.1150 from $1.1095. The dollar dropped to 111.11 yen from 113.03 yen. The Nasdaq composite fell 49 points, or 0.8 percent, to 6,120. Wholesale gasoline was little changed at $1.60 per gallon. "We may be looking at a higher volatility backdrop with a trending lower market for the next couple of months". The UK's FTSE 100 Index fell 0.3 per cent, Germany's DAX Index weakened 1.4 per cent, while France's CAC40 Index slumped 1.6 per cent. But market analysts still noted the convergence of arguably Washington's most tumultuous week in years and the market swoon. Japan's Nikkei 225 dropped 0.5 percent, while South Korea's Kospi dipped 0.1 percent. Hong Kong's Hang Seng index slipped 0.2 percent.
Beauregard dressed in his Confederate States Army uniform while riding a horse-came down during the early a.m. hours on Wednesday. Contractors were originally forced to wait as monument campaigners appealed for help from the courts, and have been threatened.
Barry Trotz's blue-line emphasis, a key in the Capitals' Game 5 victory, proved vital to Washington's success once more on Monday. The next five overwhelmed Pittsburgh on its home ice to tie the series for the first time since the puck dropped in Game 1.
I call it "Disgrace the Nation.' You're not the POTUS; you're the 'BLOTUS.' You're the glutton with the button". The CBS host was incredulous that Trump thought he (the president) came up with the phrase "priming the pump".
Especially since he still has to complete a house arrest sentence he was given following a DUI back in December . Floyd is still facing a suspension from the National Football League under their substance-abuse policy.
They are a team in the purest sense, hence why role players like Kelly Olynyk are able to make series-defining contributions. Celtics head coach Brad Stevens and GM Danny Ainge have carefully honed a genuine collective at TD Garden.
Teachers can now place students in an augmented reality environment through multiple devices for an interactive learning. Google stressed on its intentions to put Daydream on par with its existing platforms - Android and Chrome.
The crash happened at midday on a hot, clear day that brought large crowds of people into the streets to enjoy the good weather. Police do not suspect a link to terrorism and the driver was taken into custody to be tested for alcohol.
According to sources, intelligence came from a United States ally who had not authorised Washington to pass it on to Moscow. But he continues to profit from his business, which critics say could leave him open to influence by outside actors.
Savings Bank Of America De has invested 0% of its portfolio in Anworth Mortgage Asset Corporation (NYSE:ANH). Teachers Retirement System Of The State Of Kentucky stated it has 0.02% in CBOE Holdings, Inc (NASDAQ:CBOE).
Microsoft took aim at the USA government for "stockpiling" software code that was used by unknown hackers to launch the attacks. Tom Bossert, a homeland security adviser to President Donald Trump, said "criminals" were responsible, not the USA government.
Leeds have Wood under contract until the summer of 2019, but it has been claimed they could ask for around £15m for the striker. But Chris Wood is more than a simple 30-a-season striker, much more than a headline goal grabber.
BC election exposed a polarized province
Weaver said he's prepared to negotiate with both the Liberals and NDP to see which has the most in common with the Green platform. He said voters want changes to political fundraising laws and electoral reform - two of the Green party's priorities.
Four-some Harry puts the boot in for Spurs
Tottenham duo Harry Kane and Victor Wanyama scored goals either side of half-time in the last-ever game at White Hart Lane. Spurs will face already-relegated Hull City on Sunday, with Kane keen to finish the season with a flourish.
Local elections 2017: Labour loses control of Glasgow
Nicola Sturgeon has said a Scottish Parliament vote in support of a second ballot has given her a mandate for another referendum. Ukip's sole win was a gain from Labour in Lancashire, as its vote share collapsed nationally from from 22% to less than 5%.
Man who ran over pedestrians was 'hearing voices'
While stationed in Jacksonville, Rojas was arrested for battery and resisting an officer without violence, both misdemeanours. He left the Navy in May 2014. "I'm so freaked out!" Howard's daughter said. "They mowed everyone down".
Toronto CF Kevin Pillar suspended for anti-gay slur
Toronto Blue Jays center fielder Kevin Pillar was suspended two games Thursday for yelling an anti-gay slur at a Braves pitcher. Camargo wound up in the game, replacing the injured Freeman and remaining at third base, while Peterson shifted over to first.
US Navy moves second aircraft carrier near Pyongyang
While North Korea's arsenal of missiles is becoming clearer, there is less certainty about how developed its nuclear program is. South Korea's military officials said the reclusive North apparently stands ready to conduct another nuclear test.
Police seek mom and 11-month-old hiding since Thursdsay
Toronto Police believe that St-Louis-Patterson Jr.is with his mother, 23-year-old Kayla St Louis, who is not considered missing. The baby is described as being around two feet tall and having short, curly blond hair. "St.