Tax-cut doubts depress markets

Posted: November 10, 2017 at 1:43 a.m.

Trader Gregory Rowe works on the !oor of the New York Stock Exchange on Thursday. Stocks dropped sharply, weighed down by Senate Republicans’ plan to delay corporate tax cuts until 2019 instead of next year.

U.S. stocks skidded Thursday after Senate Republicans surprised Wall Street by proposing a delay in cutting corporate taxes. Industrial and technology companies fell the most, but stocks regained some of their losses before the closing bell.

This story is only available from our archives.