While you were sleeping: General Electric slumps

Mon, 13 Nov 2017

By Margreet Dietz Nov. 14 (BusinessDesk) - Wall Street inched higher as concern about US tax reform plans and a drop in General Electric shares weighed on sentiment at the tail-end of a better-than-expected quarterly earnings season. In 12.22pm trading in New York, the Dow Jones Industrial Average rose 0.08 percent, while the Nasdaq Composite Index inched 0.07 percent higher. In 12.08pm trading, the Standard & Poor’s 500 Index added 0.09 percent. The Dow moved higher as gains in shares of McDonald’s and those of the Home Depot, recent...

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