Dow opens lower as Wall Street looks ahead to tax reform

CNBC| Fri Nov 17 07:00:08 EST 2017
"Senate Republicans want to vote on their tax plans after Thanksgiving, but it differs from the House Republicans' bill. For example, it would not implement a cut in the corporate tax rate until 2019," said Nicholas Colas, co-founder of DataTrek Research. "Whether or not final legislation will pass by the end of the year is still uncertain as both chambers will have to agree on a joint plan even if the Senate GOP approves its bill," Colas said. Elsewhere, a slew of corporate news kept investors on their toes. CNBC reported on Thursday — citing sources — that Comcast is interested in acquiring the same set of assets Walt Disney is interested in acquiring from Fox. A Comcast-Fox deal would hav..

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