Economic news

Review: U.S. stocks flat, Trump's tax plan in focus

U.S. stocks fluctuated in early trade on Wednesday as investors awaited Trump's tax reform plan details.

The Dow Jones Industrial Average grew by 0.08 percent, to 21,013.51 and the S&P 500 rose 0.06 percent, to 2,390.03. The Nasdaq Composite inched up 0.09 percent, to 6,031.07 declining from an all-time peak of 6,037.21.

The U.S. President Donald Trump administration is going to announce details of a “massive” tax package later on Wednesday that will reduce corporate tax rate more than "any tax cut ever".


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