U.S. stocks plummeted following an ABC report that former national security adviser Michael Flynn will testify against President Trump in the Russia investigation.
For the day, the S&P 500 Index is down more than 1 percent, the most in three weeks, though it rebounded a bit shortly before noon.
The Dow Jones index suffered a similar fall; it was down more than half a percent at midday.
Stocks really fell after 11 a.m., shortly after ABC reported that Flynn would testify against Trump.
MORE: Michael Flynn "is prepared to testify…against Pres. Trump, against members of the Trump family, and others in the White House," @BrianRoss reports. https://t.co/aiagnvIJDs https://t.co/yuVw9iDrKp
— ABC News (@ABC) December 1, 2017
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Stocks plunge after report that Flynn will testify that Trump ordered him to contact Russian officials https://t.co/WM5Bfe0LnZ pic.twitter.com/0AnCsnSr6q
— The Hill (@thehill) December 1, 2017
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