US stocks sank on Friday after ABC News reported former national security adviser Michael Flynn was prepared to tell investigators that Donald Trump directed him to make contact with Russians during last year's presidential elections.
The report added to a volatile day of political news which saw shares fall initially in New York on concerns over the passage of Trump's tax bill through the Senate.
Reuters has not verified the ABC News report, which cited a Flynn confidant. Flynn pleaded guilty after being charged for lying to the FBI about his contacts with Russia's ambassador to the United States.
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