While you were sleeping: Wall St pauses amid tax bill vote

Tue, 19 Dec 2017

By Margreet Dietz Dec. 20 (BusinessDesk) - Wall Street fell from record highs as investors eyed whether the Republican tax bill, set to cut corporate tax rates, will clear enough votes in the House and the Senate to land on US President Donald Trump’s desk. “The market really has been trading in lock-step with the progress that’s being made,” Art Hogan, chief market strategist at B Riley FBR, told Bloomberg. “Any pause we’re taking today is sort of taking a deep breath to see if we get across the goal line.” In 1.44pm trading in New Y...

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