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S&P, Dow flat as banks stocks weigh; Nasdaq edges higher

Reuters 

By Tanya Agrawal(Reuters) - The S&P and the Dow were flat in early afternoon trading on Wednesday as doubts over a Republican tax plan and the broader outlook for U.S. growth hurt bank shares, while the Nasdaq was slightly higher.Investors were nervous about the potential outcome of the plan to cut corporate taxes, which was unveiled last week and is seen as crucial to stronger economic growth. As well as slashing the corporate rate to 20 percent from 35 percent, the bill would eliminate many tax breaks and is expected to face opposition from interest groups.U.S. House Speaker Paul Ryan told ...

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First Published: Wed, November 08 2017. 23:30 IST
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