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Wall Street falls on Russia probe, but tax hopes soften blow


By Lewis Krauskopf(Reuters) - Wall Street fell on Friday after an ABC News report that President Donald Trump's former national security adviser was prepared to testify that before taking office Trump had directed him to make contact with Russians.But major Wall Street indexes recouped much of their initial losses, after U.S. Senate Republicans said they had enough support to pass a sweeping tax overhaul.The Senate news was the latest sign of progress for a tax bill being closely watched by investors, with hopes that significant corporate tax cuts will further fuel Wall Street's ...

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First Published: Sat, December 02 2017. 01:38 IST