Wall Street slips on tech losses, tax uncertainty weighs

was the worst performer among the main U.S. indexes and was set for its worst day since late July as a batch of strong economic readings encouraged investors to pivot into economically sensitive sectors and out of tech this week.

The three major indexes are now set for weekly losses, with the S&P 500 headed for its worst two-week performance since late February. "We anticipate large cap volatility as changes to U.S. corporate tax rates play a role going forward as the two sides negotiate, particularly for the 'low tax' sectors implicated such as tech and biotech, and companies with hefty international revenues," Dudley said.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street rallies on crude price jump, economic dataU.S. stocks ended higher on Wednesday as surging crude prices boosted energy shares and a swath of positive U.S. data suggested inflation has crested and the economic recovery remains robust, prompting a broad rally. wow
Source: Reuters - 🏆 2. / 97 Read more »

Occupy Wall Street, 10 years later: why it failed and where it workedBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. It’s because they pay the Democrats off too😀 deeped Här satt de utanför Riksbanken. 🥳 More MSM tripe that willfully ignores cold hard facts. The Domestic Security Alliance - a group of mayors, police dept’s, Fortune 500 CEO’s, DHS, the FBI, coordinated middle of the night, brutal attacks on encampments across the country. Didn’t fizzle; was violently suppressed.
Source: BusinessInsider - 🏆 729. / 51 Read more »

What to watch today: Wall Street looks flat after a bright spot in a tough monthU.S. stock futures were flat Thursday after stronger-than-expect retail sales data.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street analysts pick the global green energy stocks to buy right nowNew for subscribers: Wall Street analysts pick the global green energy stocks to buy right now. Check out CNBCPro today. Pro No, thank you. I think I'll stick with Chevron.
Source: CNBC - 🏆 12. / 72 Read more »

How Much Does Installing A Retaining Wall Cost?A retaining wall holds back an embankment of soil from an adjacent lower area. Retaining walls control erosion and create flat areas for use. Masonry, wood and stone are the most popular retaining walls because of their cost-effectiveness, availability and ease of installation. On average, building a retaining wall costs $23 per square foot. For […] Advisor good luck Advisor good
Source: Forbes - 🏆 394. / 53 Read more »

Once a Classic, Now an It-Item, Fair Isle Sweaters Are Taking Over Street StyleThe fair isle sweater has long been a staple in the wardrobes of après skiers, and royals but as of late, the knit has become a common street style go-to.
Source: voguemagazine - 🏆 715. / 51 Read more »