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'Trump Trade' returns? Small-cap stocks rally on hopes of tax deal

Reuters  |  NEW YORK 

By David RandallNEW YORK (Reuters) - With time running out before Congress turns its attention to the 2018 mid-term elections, small-cap stocks are increasingly acting as a bellwether for the market's expectations that the Trump Administration will reach a deal to significantly cut U.S. corporate tax rates by the end of the year.For the moment at least, they're reflecting renewed optimism for progress on taxes after months of going no where as persistent bickering in Washington weighed on reform hopes. Small caps are seen as more sensitive to corporate tax cut expectations because, on ...

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First Published: Thu, September 14 2017. 23:33 IST