# Dow sheds 370 points; stocks close lower and wipe out monthly gains on Trump fears

> US stocks closed sharply lower on May 17 with the Dow falling about 370 points, its worst day since September, on fears over reported presidential conduct tied to the Comey investigation. Safe-haven assets gained, with the 10-year yield falling to about 2.21% and the yen strengthening to 111.05.

- Date: 2017-05-17 · published 2017-05-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/71233-dow-sheds-370-points-stocks-close-lower-and-wipe-out-monthly-gains-on-trump
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Political turmoil and risk-off flows can lift safe-haven demand and pressure risk assets, with modest knock-on effects for dollar and commodity prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-12-20 | [Dollar sinks to 3-month low vs yen on U.S. rate outlook, growth fears](https://feedsoft.ai/events/61785-dollar-sinks-to-3-month-low-vs-yen-on-u-s-rate-outlook-growth-fears.md) | -0.1% | -1.1% |
| DXY | 2019-04-05 | [Rand gains on slow US wage growth, stocks up - Moneyweb](https://feedsoft.ai/events/59858-rand-gains-on-slow-us-wage-growth-stocks-up-moneyweb.md) | -0.3% | +0.5% |
| DXY | 2017-09-29 | [Rand firmer on dollar dip, trade surplus, stocks gain - Moneyweb](https://feedsoft.ai/events/69232-rand-firmer-on-dollar-dip-trade-surplus-stocks-gain-moneyweb.md) | +0.3% | +1.7% |
| DXY | 2017-01-31 | [Rand, stocks rise as Trump trips up dollar - Moneyweb](https://feedsoft.ai/events/73244-rand-stocks-rise-as-trump-trips-up-dollar-moneyweb.md) | -0.6% | -0.6% |
| DXY | 2023-11-30 | [US dollar gains but set for worst monthly loss in a year, euro falls](https://feedsoft.ai/events/33379-us-dollar-gains-but-set-for-worst-monthly-loss-in-a-year-euro-falls.md) | +0.6% | -1.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/05/17/us-markets.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.