Wednesday, 12 July 2017

Markets mixed amid renewed US political concerns

Markets were mixed on Tuesday.

The S&P 500 fell less than 0.1 percent but the Nasdaq Composite rose 0.3 percent.

Elsewhere in the world, the STOXX Europe 600 fell 0.7 percent but the Nikkei 225 rose 0.6 percent.

Political concerns over US President Donald Trump's dealings with Russia sent stocks tumbling in late-morning US trading but they recovered later as US Senate Republican leader Mitch McConnell announced a two-week delay in the Senate's August recess to provide more time to work on legislation and approve nominees.

Brad McMillan, chief investment officer for Commonwealth Financial, said that the Senate's delayed break "says to me there's a commitment to make some of the changes that the markets would like to see".

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