Wall Street drops on ABC report on Russia probe

FAN Editor
Traders work on the floor of the NYSE in New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 30, 2017. REUTERS/Brendan McDermid

December 1, 2017

(Reuters) – U.S. stocks fell sharply on Friday after ABC News reported former U.S. national security adviser Michael Flynn was prepared to testify that President Donald Trump directed him to make contact with the Russians.

At 11:19 a.m. ET the Dow Jones industrial average <.DJI> was down 147.1 points, or 0.61 percent, at 24,125.25, the S&P 500 <.SPX> was down 17.85 points, or 0.674201 percent, at 2,629.73 and the Nasdaq Composite <.IXIC> was down 61.28 points, or 0.89 percent, at 6,812.69.

(Reporting by Tanya Agrawal)

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