Wall Street pares gains on new Trump controversies

Market Reports | Markets 5/19/2017, 10:12 PM
Wall Street pares gains on new Trump controversies

Stock markets in the United States closed higher on Friday, but pared gains following a set of reports from the Washington Post and the New York Times regarding President Donald Trump's alleged connections with Russia. According to the New York Times, Trump told Russian officials that firing former Federal Bureau of Investigation (FBI) Director James Comey took "pressure" off him, while the Washington Post reported a current White House official is a person of interest in the investigation into collusion between Trump's campaign team and Russia.

The Dow Jones Industrial Average finished 0.69% in the green. Caterpillar climbed 2.16%, while General Electric and Boeing gained 2.07% and 1.89%, respectively. 

The Nasdaq 100 settled 0.45% higher, as Autodesk outperformed, bagging 14.69%.

The S&P 500 advanced 0.68% on closing bell.

The US dollar dropped 0.92% against the euro to trade at 1.12048 for one unit of the joint currency at 10:10 pm CET, and lost 0.72% compared to the British pound, changing hands at 1.3036 for one unit of sterling. The US dollar index, which measures the buck against a basket of major peers, fell 0.76% to 97.13 at the same time.

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