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Street prepares for ugly sell-off after Cohn resigns. It’s about more than trade. [MSN Money]

BANK of NEW YORK MELLON (BK)  More Company Research Source: MSN Money
Last bank of new york mellon earnings: 7/19 06:30 am Check Earnings Report
PDF © Provided by WP Company LLC d/b/a The Washington Post National Economic Council Director Gary Cohn (left), accompanied by Treasury Secretary Steve Mnuchin, discusses President Trump's tax-cut proposals during the press briefing at the White House on Wednesday, April 26, 2017. (AP Photo/Andrew Harnik) The resignation of President Trump's National Economic Council head, Gary Cohn, on Tuesday sent Wall Street traders rushing to hit the “sell” button as fears of a trade war escalated. The market was closed when the news of Cohn’s imminent departure broke, but traders still sent Dow futures — a predictor of where the market will open Wednesday — tumbling. Popular Searches AdChoices Dow futures dropped more than 350 points and S&P 500 futures slid over 1 percent because of Cohn. Any move of more than 1 percent is significant, although nowhere near the worst the markets have seen in recent weeks. In February, the Dow dropped  mor [Read more]

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