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Tech tugs Wall Street lower, investors fret about tax cut delays

Reuters 

By Noel Randewich(Reuters) - Wall Street stocks dropped on Thursday, weighed down by losses in Microsoft and other technology issues as investors turned their attention to a U.S. Senate Republican plan that would delay corporate tax cuts that investors want very much.The S&P 500 has surged 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.Senate Republicans are unveiling a tax proposal that differs markedly on corporate, business and individual tax cuts from legislation detailed by ...

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First Published: Fri, November 10 2017. 03:57 IST
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