NEWS: US stocks tumbled by Trump crisis to make the reform hope to cool

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The US stock market S & P 500 and the Dow Jones Industrial Average recorded the biggest one-day drop since last September, as it was reported that President Trump had tried to intervene in a federal investigation after tax cuts and other stimulus policies Cooling, to the Wall Street sounded the alarm.

The report said President Trump asked the then US Federal Bureau of Investigation (FBI) Secretary of the Comi, the end of the former US national security adviser Flynn (Mike Flynn) and the relationship between Russia's investigation. [NL4S1II5QD]

After Trump accidentally removed Komi, and reportedly he had disclosed to the Russian Foreign Minister a report on the action plan against the Islamic countries (IS), the White House experienced a turbulent week.

The development of the situation reinforces the doubts about whether Trump can fulfill its commitment to tax cuts, deregulation and fiscal stimulus, and the pledge to help US stocks hit record highs.

Late declines, the three major stock indexes closed close day low, today's volume is the highest in several months

"We have seen Trump's schedule constantly being disrupted, many times trying to get back on track.More investors believe that with the latest allegations, it is difficult to get back on track." JonesTrading chief market strategist Michael O ' Rourke said.

"Before the election, investors expect Trump to represent uncertainty," he said. "The market now recognizes that some of their concerns in October are becoming a reality."

The Dow and the S & P 500 fell below the 50-day moving average, for the first time in late April. S & P 500 index opened 0.74% today, for the March 30, 2009 to the maximum Tiaokongdikai open lower day 0.84%.


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