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Wall Street Returns Early Gains Amid Reports That Cohn Will Resign Over Tariff Dispute

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Wall Street surrendered its early morning gains after reports said President Donald Trump's economic advisor might resign if the White House goes through with trade tariffs, and as the S&P 500 faced resistance at its 50-day moving average.

Led by losses in Walmart ( WMT ) and UnitedHealth ( UNH ), the blue chip index is more than 100 points underwater. And although FAANG stocks (Facebook, Apple, Amazon, Netflix and Google) are helping prop up the Nasdaq, the tech-heavy index is struggling to stay positive at midday on Tuesday.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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