TSX dips into red, U.S. markets mixed as investors mull Trump’s tax plan - News Summed Up

TSX dips into red, U.S. markets mixed as investors mull Trump’s tax plan


Canada’s main stock index dipped into the red and Wall Street was mixed as investors digested U.S. President Donald Trump’s long-awaited tax reform package. The S&P/TSX composite index fell 14.34 points to 16,014.99, with energy, materials and metals leading decliners. In New York, the Dow Jones industrial average climbed 81.25 points to 23,516.26. The S&P 500 index inched up 0.49 of a point to 2,579.85 and the Nasdaq composite index was down 1.59 points to 6,714.94. Read more: Republicans unveil tax plan, slashing corporate rate and lowering taxes for most AmericansThe Canadian dollar was trading at an average price of 77.99 cents U.S., up 0.38 of a U.S. cent


Source: thestar November 02, 2017 15:22 UTC



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