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.
Oil prices tumble after OPEC extends production cuts
3 major indexes close with gains for fourth trading day in row
Agency expects China's financial strength ‘to erode somewhat over the coming years’
The British capital's FTSE 100 index of leading blue-chip companies wobbled between gains and losses during the day, before finally closing down 0.2 percent.
BIST 100 index opens 0.17 percent lower; US dollar/Turkish lira rate stands at around 3.57
With his tough rhetoric on winning back American jobs, President Trump's elevation to the White House has raised serious fears over a new protectionist era.
Southeast Asia's third-biggest economy expanded 5.6 percent on-year in January-March period, compared with 4.1 percent in the same period last year and 4.5 percent in October-December.
Uber Freight aims to connect truckers with shippers by taking piece of $256B industry
BIST 100 index falls 0.27 percent while US dollar/Turkish lira rate stands at 3.59
The White House, already reeling over a number of controversies, denied that Trump pressured former FBI chief James Comey to stop a probe into ex-national security advisor Michael Flynn over contacts with Russia.
Lloyds bank is back in private hands having reduced the government's stake to zero, resulting in 27.4 billion returning to the taxpayer
BIST 100 index falls 0.26 percent while US dollar/Turkish lira rate stands at 3.54