Stocks up after Senate tax vote; drop for tech hems in gains
NEW YORK (AP) — Stocks were hanging onto some of their early gains Monday afternoon on expectations that lower taxes will help corporate profits pile up even higher. Congress moved closer to overhauling the U.S. tax system over the weekend, after the Senate narrowly approved its package of cuts. Lower tax rates would help boost profits for companies, which already have been reporting resurgent earnings growth this year thanks to the improving global economy. If profits do accelerate further, it would... Читать дальше...