U.S. stocks fell to session lows after the Wall Street Journal reported special counsel Robert Mueller was said to have impaneled a grand jury in the ongoing Russia probe. Treasuries extended gains.
The S&P 500 Index extended declines to 0.3 percent, while the yield on 10-year Treasuries fell to 2.22 percent as of 3:36 p.m. in New York. The dollar weakened versus the yen.
The WSJ report signaled that the ongoing turmoil in Washington surrounding potential ties between the Trump campaign and Russia will persist. Stocks had traded little changed for most of the session with corporate earnings in focus before Friday’s jobs report. Sterling headed for the biggest drop since June and U.K. bond yields fell as the BOE cut its growth forecast. Crude slumped toward $49 a barrel.