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Wall Street set to rise on tax-cut optimism


By Rama Venkat Raman(Reuters) - U.S. stocks were set to rise on Tuesday, driven for a second day by the shares of companies that seemed poised to benefit more from Republican-led corporate tax cuts.Nasdaq futures rose slightly after a selloff in tech stocks on Monday pulled down the tech-heavy index and weighed on the S&P 500. The blue-chip Dow Jones index closed at a record level as banks and retailers surged."A lot of forgotten sectors that haven't moved are now going into play due to the change in tax structure that will benefit them," said Peter Cardillo, chief market economist at First ...

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First Published: Tue, December 05 2017. 19:41 IST