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Global stocks fade after record run as U.S. tax bill digested

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - Wall Street faded having notched record highs on Monday, while the dollar and Treasury yields climbed, after a major U.S. tax overhaul cleared an important hurdle.Markets digested the U.S. Senate's approval on Saturday of the biggest tax law change since the 1980s, taking President Donald Trump closer to his goal of slashing taxes on businesses.On Wall Street, the benchmark S&P 500 set a record intraday high, but then pulled back and finished lower, while the Dow industrials still managed a record high close. MSCI's gauge of stocks across the globe ...

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First Published: Tue, December 05 2017. 03:01 IST