BUSINESS Stock martket crumbles on fears Deputy AG Rosenstein's leaving

BUSINESS

Stock martket crumbles on fears Deputy AG Rosenstein's leaving

People's Daily app

06:50, September 25, 2018

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(Photo: AP)

Stocks fell Monday on worries of more political turmoil out of the White House ahead of crucial midterm elections where the Republican party is trying to hold onto both houses of Congress, according to CNBC's report.

The Dow Jones Industrial Average closed 181.45 points lower at 26,562.05 and dropped nearly 200 points at its lows of the day. The S&P 500 declined 0.4 percent to 2,919.37. The Nasdaq Composite rose 0.1 percent to 7,993.25, however, as Netflix shares gained 2.3 percent. Boeing and General Electric were among the big losers.

Stocks began falling to session lows shortly after trading began on reports that Deputy Attorney General Rod Rosenstein was about to resign or be fired. The White House later said in a statement Rosenstein and President Donald Trump will meet on Thursday amid the conflicting reports.

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