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Stock market holds gain as Trump's former campaign chief Manafort cooperates with Mueller

The Dow Jones Industrial Average and the broader market maintained modest gains in late-morning industry Friday, as a file signaled that Paul Manafort would plead responsible to 2 legal charges on Friday and said he would cooperate in a vast investigation into the 2016 election. Manafort, President Donald Trump's former presidential marketing campaign chairman, becomes the 5th Trump associate to plead responsible in reference to Special Counsel Robert Mueller's probe into Russia's influence at the 2016 presidential election. The Dow DJIA, +0.03% was once up 0.2% at 26,196, the S&P 500 index SPX, +0.03% gained 0.1% at 2,907, while the Nasdaq Composite Index COMP, -0.05% complex 0.1% at eight,025. Wall Street has most commonly dismissed drama tied to the White House and occupied with financial basics and the obvious easing of industry tensions between the U.S. and China to climb higher. The Wall Street Journal, citing court docket paperwork, reported that Manafort's plea deal comes earlier than he was once set to stand a 2d legal trial. Last month, he was once convicted through a federal jury in Virginia of now not reporting source of revenue from political consulting paintings and faced eight to 10 years in jail. White House representatives in a observation after the reports of Manafort's cooperation said his agreement with Mueller has not anything to do with President Trump or his marketing campaign.

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