Tuesday 11 July 2017

Wall Street ends flat as politics drive stocks

NEW YORK (Reuters) - U.S. stocks ended little changed on Tuesday in a session marked by knee-jerk reactions to events in Washington that drove investors to first worry then hope about prospects for the Trump administration's economic agenda. Stocks fell sharply in late-morning trading after emails disclosed by President Donald Trump's eldest son cited Russian support for his father's 2016 election campaign. The emails referred to a top Russian government prosecutor offering the Republican Trump campaign damaging information about Democratic rival Hillary Clinton. But the market recovered later as U.S. Senate Republican leader Mitch McConnell announced a two-week delay in the Senate's August recess to provide more time to work on legislation and approve nominees, signalling prospects of progress on the Republican agenda. Future & Option Trading Tips

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