Wall Street slips on Trump wiretap comment, geopolitics | Reuters

By Yashaswini Swamynathan U.S. stocks fell on Monday with losses across sectors as investors' appetite for risk was curbed by geopolitical tensions in Asia and President Donald Trump's accusation that his predecessor, Barack Obama, wiretapped him.Some investors worried that the accusation could distract Trump from his economic agenda of introducing tax cuts and simplifying regulations that has powered a record-setting rally on Wall Street since the election.The lack of detail on Trump's proposals, his isolationist stance and setbacks in filling his Cabinet have made investors question whether the post-election rally has run its course.Trump signed a revised executive order on Monday for a 90-day travel ban to the United States from six Muslim-majority countries.The CBOE Volatility index, also dubbed Wall Street's fear gauge, rose for the first time in four days."We've been able to digest a lot of intrigue coming out of Washington and markets haven't taken a much of pause here so I think the pause starts this week, and perhaps even starts today," said Art Hogan, chief market strategist at Wunderlich Equity Capital Markets in New York.

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