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Wall Street set to rally after Senate approves tax bill


By Sruthi Shankar and Rama Venkat Raman(Reuters) - Wall Street was set to start the week on a bright note after the U.S. Senate passed its version of a tax overhaul bill, bringing closer to reality President Donald Trump's promise of cutting corporate taxes to spur growth.Dow futures gained more than 200 points, while the Nasdaq and the S&P 500 futures were up about half a percent.Some of the early gainers included bank and industrial stocks. Bank of America and JPMorgan rose more than 2 percent, while Caterpillar and Boeing gained about 1.5 percent."This is a positive reaction to the ...

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First Published: Mon, December 04 2017. 19:24 IST