Tuesday, 13 June 2017

Stocks close lower as Wall Street braces for key events later this week


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US equities closed lower on Tuesday as Wall Street hedged bets ahead of key events slated for later this week.

The Dow Jones industrial average fell about 45 points, with Boeing contributing the most losses. The S&P 500 closed 0.28 percent lower, with consumer discretionary leading decliners. The Nasdaq composite lagged, slipping 0.33 percent.

The three indexes briefly a small bid in afternoon trade after, citing a source, that former FBI director James Comey will stop short of saying President Donald Trump obstructed justice in the bureau's investigation of ex-national security advisor Michael Flynn's Russian ties, but failed to follow through.

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