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Alice N. Sanders

U.S. stocks set to slip after ex-Trump attorney Michael Cohen says he broke law


President Donald Trump's former lawyer, Michael Cohen, leaves a court house in New York City.

U.S. stock futures pointed to a lower open Wednesday, with the selling blamed on what has been dubbed “Trump Hell Hour.” Former Trump campaign chairman Paul Manafort late Tuesday was found guilty on eight charges including tax fraud, and the president’s former lawyer Michael Cohen said he violated campaign-finance law at President Donald Trump’s direction. What are the main benchmarks doing? Dow Jones Industrial Average futures YMU8, -0.20% shed 40 points, or 0.2%, to 25,767, while S&P 500 futures ESU8, -0.28% lost 4.70 points, or 0.2%, to 2,857. Nasdaq-100 futures NQU8, -0.21% fell 11.25 points, or 0.2%, to 7,386.25. On Tuesday, the Dow DJIA, +0.25% S&P 500 SPX, +0.21% and Nasdaq Composite COMP, +0.49% scored gains ranging from 0.2% to 0.5%. The three gauges are showing year-to-date advances ranging from 4.5% to 14%. The U.S. stock market on Wednesday is about to rank as the longest bull run in history, by some widely followed metrics.

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