Finance: Stocks slide after Trump Jr. tweets Russia bombshell

Global markets were rocked by Donald Trump Jr.'s shocking decision to release email correspondence between himself and a Russian contact.

Global markets were rocked by Donald Trump Jr.'s shocking decision to release the full email correspondence between himself and a music publicist who arranged a June 2016 Trump Tower meeting with a woman who is identified as a "Russian government attorney."

The S&P 500 dropped as much as 0.6% on the news after trading little changed for most of the morning. The Dow Jones Industrial Average slipped 0.2% as of 11:52 a.m. ET, while the more tech-heavy Nasdaq Composite was unchanged.

The CBOE Volatility Index, or VIX, which has sat dormant near record lows for much of the year, spiked more than 9%. The so-called stock market fear gauge still sits about 40% below its average for the eight-year bull market.

The 10-year Treasury yield fell to 2.37% after trading as high as 2.39% prior to the release. The spot price of gold, historically considered to be a safe haven asset, rose 0.6% amid the uncertainty.

In currency markets, the ruble slid as much as 1.3% versus the US dollar, although the Russian currency was already down roughly 0.9% before the news. Meanwhile, the greenback weakened versus six of the Group of 10 currencies, including a 0.2% loss against the yen.

You can read more about what's in the e-mail here.

This story is breaking check back for updates.

Global markets were rocked by Donald Trump Jr.'s shocking decision to release email correspondence between himself and a Russian contact. Read Full Story