World Bulletin / News Desk
Wall Street stocks fell early Wednesday on worries about President Donald Trump's agenda following reports that he tried to quash an FBI investigation.
But US stocks were firmly lower early Wednesday, a recognition that "lawmakers and legal experts are saying this may qualify for obstruction of justice, which is considered an impeachable offense," said Briefing.com.
Even with Wednesday's early losses, US stocks remain at lofty levels as a better-than-expected earnings season winds down.
About 15 minutes into trading, the Dow Jones Industrial Average stood at 20,818.40, up 0.8 percent.
The broad-based S&P 500 dropped 0.7 percent to 2,383.56, while the tech-rich Nasdaq Composite Index shed 0.8 percent to 6,120.14, retreating from Tuesday's record.
Target jumped 3.5 percent after reporting a 7.7 percent increase in first-quarter earnings to $681 million in results that bested analyst expectations.
Ford fell 0.6 percent as it announced plans to cut 1,400 jobs in North America and Asia as part of a cost-cutting drive.
Crude prices stabilised after diving more than two percent on Tuesday on increasing fears of a global supply glut, as continued production in the US and elsewhere offsets an OPEC output cut deal.
Move estimated to save company $1B in investment costs
However, most other regional markets struggled after Monday's healthy gains, despite being given a positive lead from Wall Street where the Dow and S&P 500 closed at fresh record highs.
The purchase in one fell swoop gives Amazon, which until now has operated almost entirely on the internet, a big presence in the brick-and-mortar world on Main Street, with more than 450 stores in the US, Canada and Britain.
"The Bank of Russia Board of Directors decided to cut the key rate to 9.00 percent per annum," the bank said in a statement. The cut follows a half-point decrease in late April.
Equity traders have suffered a fraught week as the crisis engulfing Donald Trump picks up pace, technology firms tumbled from recent highs and energy plays were hammered by plunging oil prices.
"In May 2017, passenger car registrations across the EU increased by 7.6 percent to 1.387 million units," ACEA said in a statement.
In the eurozone, Frankfurt's DAX 30 index climbed 0.4 percent to 12,746.05 points, and the Paris CAC 40 gained 0.5 percent to 5,243.53 compared with the close on Thursday.
Eastern Mediterranean gas deposits discussed at high-level meeting in Thessaloniki
While a "rebalancing of the market" was "underway," it was "at a slower pace than originally anticipated," the Organization of Petroleum Exporting Countries wrote in its latest monthly oil market report.
US, with 30 planned LNG terminals and six under-construction, is forecast to be next leader in LNG markets