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|By Xinhua Writers Wang Wen Mens Air Jordan 13 Wheat Golden Harvest Elemental Gold For Sale , Sun Oumeng
NEW YORK, May 17 (Xinhua) -- U.S. stocks closed sharply lowerWednesday with all three major indices recording their worst day sofar this year due to the latest turmoil in Washington thattriggered market concerns on whether the Trump administration couldcontinue to push its economic reform agenda.
"The market is responding to the probability that tax reform,infrastructure spending, healthcare reform and trade deals mightnot occur," Brendan Ahern, chief investment officer of Krane FundsAdvisors Mens Air Jordan 13 GS Bordeaux Sail Cheap Price , told Xinhua.
The Dow Jones industrial average ended 372.82 points lowerWednesday, a steep fall driven mainly by share declines in Dowcomponents Goldman Sachs and J.P. Morgan Chase.
Shares of Goldman Sachs dropped 5.27 percent to 213.72 U.S.dollars while J.P. Morgan Chase closed down 3.81 percent to 84.27dollars.
The broader S&P 500 dropped 43.64 points, or 1.82 percent,with financials tumbling more than three percent.
The financial sector had been the best performer in what WallStreet called "Trump Rally," since President Donald Trump assumedoffice and promised large-scale deregulation and tax reform.
The tech heavy Nasdaq declined 2.57 percent, or 158.63 points to6 Mens Air Jordan 13 Love Respect Pack White For Sale ,011.24. The index notched record close in two consecutivesessions on Monday and Tuesday.
"The U.S. equity market rally has been driven by the pro-growthagenda proposed by the president and supported by the Republicanmajority in Congress," said Ahern, adding that the situation haschanged.
Analysts said the latest White House controversies have weighedon market sentiment and the market performance on Wednesday was atypical flight to safety as political turmoil triggered investorconcerns.
"Recent political distractions have the potential to derail theimplementation of such policies that have helped support the risingU.S. stock market," Ahern said.
The White House on Tuesday pushed back against a new wave ofmedia allegations that Trump might have tried to obstruct justiceby asking ex-FBI Director James Comey to end a probe into formernational security adviser Michael Flynn.
"I hope you can let this go," Trump told Comey at the time,according to a New York Times report Mens Air Jordan 13 GS Love Respect Pack Black For Sale , quoting two people who readthe memo Comey wrote shortly after meeting with Trump in the OvalOffice one day after Flynn resigned over a Russia-related scandalin February.
Investors have been shocked by the news and worried Trump'sability to deliver on business-friendly policies.
The CBOE Volatility Index, widely considered the best gauge offear in the market, jumped 46.38 percent to 15.59. Just a weekearlier, the index hit 9.77, lowest in more than two decades.
Analysts noted that it was the first time that markets havehinted at risk-off behavior in response to increased political riskin Washington. Talking about market outlook, some warned investorsof possible downward trend.
"Some of the technicals have turned negative Air Jordan 13 GS Wolf Grey White Jordan Shoes For Sale , such as anapparently imminent bearish crossover on a six-month snapshot ofthe Moving Average Convergence Divergence. Relative strength alsoindicates a market closer to an 'overbought' condition than it isto neutral," Stephen Guilfoyle, president of Sarge986 LLC, wrote ina note.
"Despite strong corporate earnings, U.S. equity marketvaluations are high compared to emerging market and Europeanequities. Investors are apt to use U.S. weakness as opportunity torebalance to less expensive markets," said Ahern.
Market demand for safe-haven currencies soared on Wednesday Men's Air Jordan 13 Retro DMP White Gold Cheap Price ,with Japanese yen rising over 1.8 percent against the dollar duringthe session.
The U.S dollar decreased against most major currencies. Thedollar index, which measures the greenback against six major peers,was down 0.61 percent at 97.506 in late trading.
Gold futures on the COMEX division of the New York MercantileExchange rose sharply on Wednesday. The most active gold contractfor June delivery jumped 22.3 dollars, or 1.80 percent, to settleat 1,258.7 dollars per ounce. Enditem
A man inspects the site of a suicide car bombing on a highway near oilfields in southern Basra Men's Air Jordan 13 Retro History of Flight White Red For Sale , Iraq, May 20, 2017. (XinhuaReuters Photo)
BAGHDAD, May 30 (Xinhua) -- The Islamic State (IS) group on Tuesday claimed responsibility for a suicide bomb attack at busy commercial area in Iraqi capital of Baghdad that killed 11 people and wounded 75 others, the group said in an online statement.
"One of the extremist group's members carried out a suicide car bomb attack at a gathering of Shiite people," the group said in a brief statement Men's Air Jordan 13 Low Black Brave Blue Blue Silver For Sale , which its authenticity could not be independently verified.
The attack occurred around midnight on Monday when a suicide car bomber detonated an explosive-laden car outside an ice cream parlor in the predominantly Shiite neighborhood of Karrada in southern central Baghdad, an Interior Ministry source told Xinhua on condition of anonymity.
Two policemen were among the killed and many women and children were among the killed and wounded, the source said.
The powerful blast destroyed eight nearby vehicles, including two police vehicles, and caused damage to many nearby shops and buildings, according the source.
The attacks came as the Iraqi security forces backed by anti-IS international coalition are carrying out a major offensive to drive out the IS militants from their major stronghold in the western side of Mosul in northern Iraq.
Terrorist acts Men's Air Jordan 13 Low Chutney Black White , violence and armed conflicts killed 309 civilians and wounded 387 others in April across Iraq, the United Nations Assistance Mission for Iraq said earlier in the month.
Many blame the current chronic instability, cycle of violence, and the emergence of extremist groups, such as the IS, on the U.S. that invaded and occupied Iraq in March 2003.
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