MarketWrap: The S&P 500 and the Dow notched their biggest one-day fall since Sept 9 as investor hopes for tax cuts and other pro-business policies faded after reports that US President Donald Trump tried to interfere with a federal investigation set off alarm bells on Wall Street. The DJIA fell 372.82 points, or 1.78%, to 20,606.93, the S&P 500 lost 43.64 points, or 1.82%, to 2,357.03 and the Nasdaq dropped 158.63 points, or 2.57%, to 6,011.24. - Reuters
Energy
Oil prices settled at a two-week high on Wednesday after US crude inventories declined for the sixth straight week, a positive sign for markets ahead of next week's Opec meeting, where major oil producers are expected to extend supply cuts. Brent crude settled 56 cents firmer at US$52.21, a 1.1% gain. - Reuters
Forex summary
*The ringgit lost 0.08% to 4.3270 versus the US$
*It lost 0.70% to 4.8267 versus euro
*Down 0.26% to 5.6100 per pound sterling
*Down 0.33% to 3.1101 per Singapore dollar
*Down 0.93% to 3.2257 per Aussie
*0.14% higher to 3.8960 per 100 yen