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Tech stocks tug Wall Street lower; investors fret about U.S. tax cut delays


By Noel Randewich(Reuters) - Wall Street stocks dropped on Thursday, weighed down by losses in Microsoft and other technology issues, as investors turned their attention to a U.S. Senate Republican plan that would delay expected corporate tax cuts. The S&P 500 index has surged about 21 percent since the election of President Donald Trump a year ago, fuelled by his promises to cut corporate taxes and other business-friendly measures.Senate Republicans are unveiling a tax proposal that differs markedly on corporate, business and individual tax cuts from legislation detailed by their ...

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First Published: Fri, November 10 2017. 04:16 IST