Getty Images / Drew Angerer
- Reports that Gary Cohn, the top White House economic adviser, would depart the Trump administration sparked immediate selling in global equity markets.
- Experts across Wall Street have weighed in with their thoughts.
Wall Street got another reminder of how volatile the White House is amid reports on Tuesday evening that Gary Cohn would step down as President Donald Trump‘s top economic adviser.
The reaction was swift and strong, as S&P 500 futures immediately tumbled in after-hours trading. The nervousness then spread throughout global markets overnight, dragging indexes in Asia and Europe lower before US benchmarks opened in the red on Wednesday morning.See the rest of the story at Business Insider
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See Also:
- ‘Wall Street just lost its security blanket’: Here’s what experts are saying about Gary Cohn’s exit from the White House
- Stocks storm back after the White House softens tariff talk following Gary Cohn’s White House exit
- JPMORGAN: The stock market’s most trusted strategy is on its last legs
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