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President Trump on Saturday used Twitter to champion the economy while decrying as a "hoax" recent revelations regarding contacts between Russian officials and members of his presidential campaign team.
Last weekend, the New York Times reported that Trump's oldest son, Donald Trump Jr., had met during the 2016 campaign with Kremlin-connected Russian lawyer Natalia Veselnitskaya.
Trump Jr. initially downplayed the political nature of the meeting, telling the paper that it had primarily concerned adoptions.
The lobbyist, Rinat Akhmetshin, said that Veselnitskaya had given documents to Trump Jr.; Donald Trumpâs son-in-law, Jared Kushner; and Trump campaign chairman Paul Manafort. She said the papers described illicit foreign donations to the Democratic National Committee, Akhmetshin said.
Despite those disclosures, which caused stock indexes to veer sharply lower for a brief time Tuesday, the stock market posted its third straight day of gains Friday, with the Standard & Poor's 500 index, Dow Jones industrial average and Russell 2000 index of smaller-company stocks each setting records.
-- This post contains reporting from David S. Cloud, Joseph Tanfani and the Associated Press
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