US stocks were lower in morning trading on Monday as uncertainty over a US tax reform deal and GE's dismal outlook hit investor sentiment. General Electric fell 3.5 percent after the industrial conglomerate cut its 2018 profit forecast, slashed dividend and unveiled a restructuring plan. The stock weighed the most on the S&P 500 index. The S&P and the Dow ended the week lower for the first time in nine weeks on Friday after Senate Republicans unveiled a new tax plan that differed from the House of Representatives' version. Hopes of lower taxes, one of President Donald ...
Wall Street slips amid tax reform uncertainty, General Electric losses
The S&P and the Dow ended the week lower for the first time in nine weeks on Friday
Reuters Last Updated at November 13, 2017 21:59 IST