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President Trump's first stop on the international trip is Saudi Arabia where he's expected to discuss terrorism and sign a number of agreements on U.S. and Saudi economic policy. The entire trip is 8 days and will take the President to the Middle East and parts of Europe. This is President Trump's first international trip since taking office. Brazilian stocks are plunging on an emerging political scandal. A Brazilian newspaper reported that new President Michel Temer gave his blessing to an attempt to pay a potential witness to remain silent in the country's biggest-ever graft probe. The country's stock market dropped nearly 9%. IBM tells its employees that work from home that they need to get back to the office. The tech giant helped pioneer the concept of allowing its workers to work from home but it now pulling the plug on the remote working policy. They say it will create a more collaborative workforce.

Losses for stock futures picked up after a Reuters report on members of Trump's campaign communicating with Russian contacts. U.S. stocks are coming off their worst day this year on worry about distractions in Washington delaying reforms that could stimulate the economy, like tax reform. Wall Street is evaluating the choice of former FBI Director Robert Mueller as special counsel for the Trump-Russia probe. Mueller will have sweeping powers and the authority to prosecute any crimes he would uncover. Mueller is know for being bi-partisan. The U.S. Justice Department is preparing to possibly file suit against Fiat Chrysler . Bloomberg reports the filing will happen if talks to resolve differences over the automaker's alleged violations of the U.S. clean air rules with its diesel vehicles. The suit being prepared alleges the company used illegal defeat devices, like software, to disable pollution control systems.

Another scandal from the White House rocked financial markets in the most punishing day of the year and the worst for the S&P 500 since September. Financials stocks were the hardest hit. Colgate-Palmolive surged on reports CEO Ian Cook is contemplating a sale. Cook reportedly told institutional investors that a potential deal could put Colgate at $100 a share, pushing the total value to $88 billion. Urban Outfitters declined after disappointing quarterly sales. Revenue inched 0.2% lower, falling short of consensus. Net income also missed expectations. Advanced Micro Devices tumbled following weak earnings guidance. The chipmaker surged a day earlier on a rumored licensing deal with rival Intel .

Stocks were on track for one of the worst sessions of the year as another Donald Trump scandal shook the White House. The latest flood of distractions appears to have put progress on tax reform on the backburner. Crude surged to three-week highs after U.S. oil inventories declined for their sixth week in a row. The Energy Information Administration also reported that gasoline and distillate stockpiles had dropped. American Eagle Outfitters tumbled on second-quarter guidance. The teen retailer anticipates same-store sales to come in flat to down slightly, disappointing analysts looking for a 0.5% rise. Ford confirmed reports of job cuts, announcing plans to cut workforce costs by roughly 10% in North America and the Asia Pacific this year. Ford expects to reduce its employee base by as many as 1,400 jobs by September.

Stocks are set for the worst start to a trading day in a month as investors grow increasingly worried that the chaos in Washington will delay President Trump's pro-business agenda. Reports from the New York Times and others say the President asked FBI Director James Comey to shut down the investigation of then NSA Director Mike Flynn, something the White House denies. The U.S. dollar is dropping as well. Target beat earnings and revenue expectations. The company reported a $1.21 a share in earnings versus .91 cents expected. However, Target executives say they are experiencing headwinds. Target shares are surging in the premarket. Jack in the Box could sell its popular Qdoba Mexican Grill restaurant chain. Nation's restaurant news says the company has hired Morgan Stanley to help it evaluate all of its alternatives.

Stocks lost earlier gains to trade mixed as crude oil prices made a surprise move lower. Oil settled at a two-week best a day earlier on hopes of an extension to a production cut deal. Etsy soared after investment firms TPG Group and Dragoneer Investment reported a collective 8% stake in the homemade goods marketplace. New CEO Josh Silverman said the company is now reviewing strategic and operational plans. TJX Companies was one of the worst performers in the consumer goods space after disappointing quarterly sales and weak guidance. Same-store sales rose 1%, below consensus of 1.6%. Home Depot was one of the few retail names posting a solid quarter. The DIY retailer anticipates both revenue and same-store sales to increase by 4.6% for the full year.

The S&P 500 and Nasdaq booked fresh record closes to begin the week as a crude rally put oil at its highest level in two weeks. Oil surged on hopes for an extension to OPEC's production cut deal. Sears slumped after CEO Eddie Lambert warned that one of the retailer's supplies would soon file a lawsuit to dissolve a supply agreement. Sears and supplier One World have done business together for nearly a decade. Coach climbed after Deutsche Bank upgraded its rating to buy from hold. Analysts remain optimistic Coach can effectively boost profit with its acquisition of Kate Spade. Snap surged in one of its best performances since going public in March after filings showed investment firms Fidelity and BlackRock had stakes in the company. Daniel Loeb's Third Point also disclosed a position in Snap as of the end of March.

Stocks moved higher after energy ministers from Russia and Saudi Arabia called for an extension to an oil production cap agreement. The energy sector drove the bulk of gains on Wall Street to begin the week. Homebuilder sentiment improved in May as confidence in demand remained strong. The National Association of Home Builders said "existing home inventory remains tight" meaning that demand for new construction should continue. Buffalo Wild Wings increased after analysts at Deutsche Bank upgraded the stock to buy from hold. The firm said cost-cutting initiatives could lessen the impact of potential headwinds to sales and profit. Cybersecurity companies were on the upswing after a massive cyberattack crippled computer networks across Europe. Symantec , FireEye , and Palo Alto Networks each moved higher.

Stocks ended the session mixed after Nordstrom and J.C. Penney became the latest retail names to report on a weak quarter. Macy's and Kohl's reported quarterly disappointments earlier in the week. The Dow Jones Industrial Average closed lower for the fourth time this week. Crude oil ended roughly flat even after another rise in the number of active oil rigs in the past week. The number of active rigs drilling for crude rose by 9 to 7.12. AstraZeneca climbed following positive findings for its treatment for patients with locally-advanced non-small cell lung cancer. A clinical study indicated the treatment reduced the risk of progression or death in patients. GlobalStar surged on reports the company is contemplating a possible sale. Earlier this week, fellow telecom Straight Path Communications got a big boost from a bidding war between Verizon and AT&T .

Stocks moved mostly lower as a rebound in U.S. retail sales put a June rate hike on the markets' radar. The Dow is on track to close with its fourth straight session of losses. Consumer sentiment ticked even higher in May, according to a preliminary reading of the University of Michigan's index. A healthy labor market, slow but steady growth in the U.S. economy, and a booming stock market have created optimism among consumers. J.C. Penney tumbled after falling short of sales estimates, just the latest retailer to report on a disappointing quarter. Same-store sales declined by 3.5%, five times steeper than expected. Dick's Sporting Goods moved sharply lower after lowering its previously reported fourth-quarter and fiscal 2017 EBITDA by just over $23 million. The retailer blamed a "computational error."

Nordstrom beat sales and earnings expectations but the stock is still down as the overall trend is for Americans to buy less clothing. Nordstrom did say its discount chain Rack and online sales increased. Macy's and Kohl's both reported slow sales and their stocks were crushed. The United States has a new trade deal with China. It opens the Chinese market to U.S. credit rating agencies and credit card companies. In return, Chinese cooked chicken will be allowed into the United States market and Chinese banks can enter the U.S. market. The new trade deal also allows beef and natural gas exports into China. A federal judge in Delaware has rejected Anthem request to prevent smaller rival health insurer Cigna from pulling out of its proposed $54 billion merger. Several courts have ruled against the merger, agreeing with the Department of Justice's argument that it would decrease competition and raise major antitrust concerns.

Stocks held losses as a selloff in Snap pulled the rest of the tech sector lower. Snap had posted a far wider quarterly loss than anticipated. The tech-heavy Nasdaq snapped a four-day record-making streak. Macy's and Kohl's triggered a selloff among department store stocks following a weak quarterly performance. Nordstrom will report earnings this afternoon, while J.C. Penney is scheduled for Friday morning. Yelp clawed its way back from massive losses seen earlier in the week following a disappointing quarterly report. Citi analyst Mark May said the selloff looked overdone. Merck rose after receiving approval for Keytruda in combination with chemotherapy as a treatment for lung cancer. JPMorgan said the development put the drugmaker in a leadership position in a multi-billion dollar industry.

Stocks held lower through the morning session as a disappointing quarter from Macy's sparked a selloff in the retail sector. Kohl's also issued a weak report with a steeper decline in same-store sales than expected. The Nasdaq's four-day record-breaking streak looked to end on Thursday. Symantec tumbled after swinging to a loss over its fiscal fourth quarter. The California-based security software developer anticipates first-quarter sales no higher than $1.16 billion, below consensus. Delta Air Lines raised its dividend by 50% and approved a new share buyback program. A fresh $5 billion repurchase plan will go into effect once the existing program has been exhausted. 21st Century Fox beat analysts' estimates on the bottom line but missed on the top. Revenue in its cable network programming and TV units rose, though filmed entertainment fell.

Snap , parent of Snapchat messaging company lost more than $2 billion in its first few months as a publicly traded company. It's revenue was lower than expected too. Data from brokerage firms like RobinHood and TD Ameritrade suggest that millennials bought shares of Snap more than any other group. Verizon has reportedly won the bidding war for StraightPath . The Wall Street Journal says Verizon will pay $3 billion for the company that holds valuable spectrum licenses that will play an important role in laying the groundwork for 5G services. Straightpath's technology is said to support businesses like virtual reality and augmented reality, telemedicine, autonomous cars, smart cities and more. Whole Foods is shaking up its board-replacing 5 of the company's directors and naming a new chairwoman. Whole Foods has been slow to adapt to drastic changes in the grocery sector in recent years.

Wall Street ended mixed with the Nasdaq at a new record and the Dow Jones Industrial Average lower after the shock firing of FBI Director Comey. Energy drove the bulk of gains on markets after crude oil enjoyed its best one-day gain since December. Whole Foods Market was active this afternoon on reports of a board shakeup. The supermarket chain will reportedly name a new chairman and replace more than half of its board, a possible move to appease activist investor Jana Partners. Abercrombie & Fitch rebounded from its worst levels in 17 years on reports the retailer is mulling takeover interest. Abercrombie has reportedly hired investment bank Perella Weinberg to help evaluate offers. Electronic Arts rallied after reporting a double-digit increase in quarterly revenue and approving a fresh $1.2 billion share repurchase plan. Quarterly sales rose nearly 17%