Wall Street stocks tumble precipitously just before midday Tuesday in the US after Donald Trump, Jr. releases emails showing he embraced Russia’s efforts to support his father’s presidential campaign.
US stocks had been flat to positive prior to the revelations released on Twitter, which revived worries that President Donald Trump’s Russia travails could derail his agenda.
This file photo taken on December 06, 2016 shows Donald Trump Jr. as he walks around Trump Tower in New York. (AFP Photo/Eduardo Munoz Alvarez)
The Dow Jones Industrial Average falls as far as 0.6 percent immediately after the news broke, but by 1545 GMT, is down 0.3% at 21,341.18.
The broad-based S&P 500 also drops 0.3% to 2,420.18, while the tech-rich Nasdaq Composite Index loses less than 0.1% at 6,174.07.
Trump junior was told by an interlocutor that he could get “very high level and sensitive information” that was “part of Russia and its government’s support for Mr. Trump.”
The revelations come amid ongoing probes of the Trump campaign’s connections to Russians. They also raise questions about the string of denials from Trump and his team that the campaign colluded with Russian government hackers whom US officials have blamed for attacks on Democratic presidential candidate Hillary Clinton.
— AFP
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