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Wall Street wavers as Disney falls and tech rebounds


By Noel Randewich(Reuters) - Wall Street treaded water on Tuesday as Microsoft and other technology stocks rebounded and Walt Disney Co fell, while investors assessed how a Republican tax overhaul would impact corporate earnings. Microsoft rose 1.27 percent, helping push the S&P information technology index up 0.76 percent. This year's top-performing sector remains down about 3 percent since it has sold off over the past week, with investors reallocating money to banks, retailers and other stocks seen winning most from tax cuts promised by President Donald Trump.The bill passed on Saturday by ...

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First Published: Wed, December 06 2017. 01:09 IST