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Doubts about tax cuts weigh on Wall Street

Reuters 

By Noel Randewich(Reuters) - Wall Street surrendered ground on Friday, with losses seen in Intel and Microsoft as investors worried about the future of promised corporate tax cuts following duelling plans unveiled by Republican lawmakers.U.S. Senate Republicans released a tax plan on Thursday that differed from a version put forth by the House of Representatives on several key fronts, including putting off corporate tax cuts for a year.Expectations of lower taxes, one of President Donald Trump's key campaign promises, have helped drive up the S&P 500 more than 20 percent since the 2016 ...

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First Published: Sat, November 11 2017. 01:14 IST
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