Fresh reports on the Trump campaign’s possible involvement with Russia during last year’s election
stunned financial markets Tuesday, sending U.S. stocks lower in a brief spurt of late morning selling.
But the move proved short-lived, as the S&P 500 Index, which quickly fell more than 0.5 percent on the news, clawed back almost all of its decline by early afternoon. The Bloomberg Dollar Spot Index was down slightly, Treasury yields held near 2.36 percent, gold fluctuated and oil rose.
Stocks
* The Euro Stoxx 50 Index lost 0.4 percent following a 0.4 percent gain Monday.
* The MSCI Emerging Market Index jumped 0.9 percent.
Commodities
* West Texas Intermediate crude rose 1.5 percent to settle at $45.04 a barrel before U.S. government data forecast to show oil stockpiles extended declines.
* Gold gained 0.1 percent to $1,215.25 an ounce, adding to its increase on Monday.
Currencies
* The Bloomberg Dollar Spot Index fell 0.2 percent, erasing earlier gains that had the greenback strengthening against most of its G-10 peers.
* The pound added 0.3 percent to $1.2848, while the euro rose 0.6 percent to 1.1463.
* The yen gained 0.1 percent to 113.90 per dollar, following two
days of declines.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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