Mr. Bannon’s exit, the latest in a string of high-profile West Wing shake-ups, came as Mr. Trump is under fire for saying that “both sides” were to blame for last week’s deadly violence in Charlottesville, Va. Critics accused the president of channeling Mr. Bannon when he equated white supremacists and neo-Nazis with the left-wing protesters who opposed them.
“White House Chief of Staff John Kelly and Steve Bannon have mutually agreed today would be Steve’s last day,” Sarah Huckabee Sanders, the White House press secretary, said in a statement. “We are grateful for his service and wish him the best.”
Mr. Bannon’s outsized influence on the president, captured in a February cover of Time magazine with the headline “The Great Manipulator,” was reflected in the response to his departure.
Conservatives groused that they lost a key advocate inside the White House and worried aloud that Mr. Trump would shift left, while cheers erupted on the floor of the New York Stock Exchange when headlines about Mr. Bannon’s ouster appeared. Both the Standard & Poor’s 500 stock index and the Dow Jones industrial average immediately rose, though they ended the day slightly down.