Tax Overhaul Worries Leave Wall Street Mixed

Questions about which companies will benefit led to ups and downs
By Newser Editors and Wire Services
Posted Dec 4, 2017 3:31 PM CST
The New York Stock Exchange   (AP Photo/Mark Lennihan, File)
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(Newser) – It was a mixed day on Wall Street as investors pondered which companies would be winners and losers if a Republican-sponsored tax overhaul goes through, the AP reports. Indexes were mostly higher early in the day Monday but wound up with an uneven close after drops in technology and health care stocks canceled out gains elsewhere. Phone companies, which pay high tax rates, did better than the rest of the market. AT&T rose 2.1%. The Standard & Poor's 500 fell 2 points, or 0.1%, to 2,639. The Dow Jones industrials rose 58 points, or 0.2%, to 24,290, largely due to a gain in Boeing. The Nasdaq dropped 72 points, or 1.1%, to 6,775. The yield on the 10-year Treasury held steady at 2.37%. (Read more Wall Street stories.)

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