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Wall St down on signs of delay in corporate tax cuts

Reuters 

By Tanya AgrawalREUTERS - Wall Street edged lower at the open on Friday hurt by signs of delay in corporate tax cuts until 2019, which may stall the market rally.Senate Republicans have unveiled a tax-cut plan that would delay lowering corporate rate to 20 percent by a year and provide small-business owners with a deduction rather than a special business rate.The Senate Republicans' version of the bill differs markedly on corporate, business and individual tax cuts from legislation detailed by their counterparts in the House of Representatives.The S&P 500 index has surged more than 20 percent ...

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First Published: Fri, November 10 2017. 20:24 IST
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