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Stocks Rise, Dollar Slumps as Trump Woes Intensify: Markets Wrap

  • Trump says firing Comey relieved ‘great pressure’: NYT
  • Emerging-market currencies rebound after Brazil selloff
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Dominic Raab Looks for ‘Win-Win’ in the Brexit Process

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Financial markets ended a volatile week with a final bout of turbulence as Donald Trump’s troubles intensified Friday, raising fresh questions on his administration’s ability to enact its policy agenda.

The S&P 500 Index cut its gain by almost half after news emerged that investigators are focusing on a current White House official as a person of interest in their probe of Russian influence on the election, intensifying the political turmoil that’s gripped Washington for weeks. The 10-year Treasury note all but erased an advance, while the dollar held its worst slide since March. Gold capped its best week in a month.