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Wall Street flat as GE, tax plan doubts weigh

Reuters 

By Sruthi Shankar(Reuters) - Wall Street was little changed in late morning trading on Monday as GE's dismal outlook weighed on indexes and investors fretted over the future of the U.S. tax reform plan.General Electric dropped 4.4 percent after the industrial conglomerate cut its 2018 profit forecast, slashed dividend and unveiled a restructuring plan.With the third-quarter earnings season on its last leg, investors are closely tracking developments around the tax bill as well as economic data to make their bets.Senate Republicans last week unveiled a new plan that differed from the House of ...

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First Published: Mon, November 13 2017. 22:06 IST
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