US stocks recorded the biggest drop in five months

Record indexes Dow Jones Industrial Average and Standard & Poor’s biggest drop for a single day since December with fading hopes of other policies to stimulate the business sector tax cuts after reports that President Donald Trump tried to intervene in a federal investigation.

The index ended the trading session the Dow Jones Stock Exchange on Wall Street Thursday, down 372.82 points, or the equivalent of 1.78% to 20606.93 points, while the index S & P 500 fell broader 43.64 points or 1.82% to close at 2357.03 points.

The index closed the Nasdaq Composite laced technology shares, down 158.63 points or 2.57% to 6011.24 points, the biggest drop in one day since the twenty-fourth of June last year.

The increased volatility of the price index on Wall Street 4.9 points to 15.59, the highest closing level since the thirteenth of April.

The Baghdad Post
Dollar exchange rate in Iraqi banks and markets (Thursday, May 18, 2017)

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