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Tech pulls Wall Street lower, investors worry about tax cuts

Reuters 

By Noel Randewich(Reuters) - Wall Street dropped on Thursday, weighed down by losses in Apple and other technology stocks as investors turned their attention to a U.S. Senate Republican plan that could delay corporate tax rate cuts expected by investors.The S&P 500 has risen about 21 percent since the election of President Donald Trump a year ago, fuelled by his promises to cut corporate taxes and other business-friendly measures.The Senate on Thursday was expected to unveil a tax cut bill that differs significantly from one detailed last week in the House, complicating matters for the Trump ...

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First Published: Fri, November 10 2017. 01:12 IST
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