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Wall Street alarmed as Cohn departure fans trade war angst

For traders, the resignation promises another round of turbulence in the markets and fears of a global trade war

"Of all the Trump administration resignations, this will be the one most meaningful for markets. Cohn (above) was the administration official financial markets had the most confidence in." - Michael O'Rourke, chief market strategist at JonesTrading Institutional Services.


PEACE proved fleeting in markets as investors fretted that Gary Cohn leaving the Trump administration prunes it of a key source of stability just as signs of a trade war are multiplying.

Wall Street stocks opened sharply lower on Wednesday as the departure of a key economic...