Stocks Rally Falters Late Amid Political Risks: Markets Wrap
- Tech strength drives equities higher, metals and oil gain
- China said to weigh yuan depreciation; Hang Seng up over 1%
Pelosky Global Advisors Sees a 'Real Opportunity in Small Caps
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The rally in U.S. stocks faltered in the final hour of trading, with a report that federal agents raided the offices of President Donald Trump’s lawyer adding to the swoon. Equities finished higher on the strength of gains in technology shares that bore the brunt of last week’s tariff-induced decline.
The S&P 500 Index pared an advance that had approached 2 percent to finish up 0.3 percent by the end of the session. The final leg down came after the New York Times reported that agents from the Federal Bureau of Investigation raided Michael Cohen’s office.