US equities have dipped after a brace of stories from the Washington Post and the New York Times stirred up Washington’s political drama further, paring the S&P 500’s gains on Friday.
The New York Times reported that president Donald Trump told Russian officials earlier this month that former FBI director James Comey was “crazy, a real nut job” and said that firing Mr Comey had relieved “great pressure” on Mr Trump.
At the same time, the Washington Post reported that a senior White House advisor had been identified by the FBI as a “person of interest” in its probe into possible collusion between Russia and Mr Trump’s presidential campaign.
In a statement, the White House said: “As the president has stated before – a thorough investigation will confirm that there was no collusion between the campaign and any foreign entity.”
The US stock market had recovered its footing later in the week after diving by the most since last September on Wednesday, but the new articles appear to be weighing on the bounce. The S&P 500 had been up by 1 per cent earlier today, but started slipping soon after the articles were released and was up just 0.6 per cent by 3.30pm in New York.