Popular exchange-traded funds Tuesday evening traded lower in after-hours action, following a series of stunning legal developments related to President Donald Trump's 2016 campaign. Former Trump campaign chairman Paul Manafort was found guilty on eight charges, including tax fraud, and the president's ex-personal attorney, Michael Cohen, said he violated campaign law at the direction of a candidate for federal office. The news comes as special counsel Robert Mueller is investigating allegations of collusion between officials connected to president Trump's 2016 president election and Russia. The ETF SPDR S&P 500 ETF SPY, +0.23% which tracks the S&P 500 index SPX, +0.21% and the SPDR Dow Jones Industrial Average, which tracks the Dow Jones Industrial Average DJIA, +0.25% were both down by at least 0.4% in after-hours trading, following a solid gains for all three benchmarks on Tuesday, where the S&P 500 touched an intraday record and the Nasdaq Composite Index COMP, +0.49% led the benchmark's in to the green. The exchange-traded Invesco QQQ Trust Series I QQQ, +0.37% which tracks the largest-capitalization companies on the Nasdaq, slipped by 0.5%. The news may create some uncertainty on Wall Street about what happens next after officials closely tied to the Trump campaign are facing criminal charges. Speaking on his way to a rally in West Virginia, following the news, Trump said that he the recent developments "have nothing to do with Russian collusion." He also said he felt badly for Manafort, but did not mention his former lawyer.
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