US Stocks Fell Ahead of Earnings, While Major European Stocks Rose
- Trade Magnates Team
- Nov 17, 2017
- 1 min read
Trade Magnates - US Stocks declining on Friday from their strong close on Thursday ahead of data earnings. Investors will also be watching for news of progress on the tax reform bill.
The House Republicans passed its version of the bill on Thursday, with 227 votes for and 205 votes against. The Senate finance committee is expected to vote on the bill later today. If tax bill version is approved, then the corporate tax rate will be cut to 20% from 35%.
The S&P 500 futures fell 2.5 points, while Dow futures dropped 21 points. The Nasdaq 100 futures depreciated by five points.
Major European stocks were on the rise with the FTSE 100 increased by 4 points, CAC 40 rose by 4points and German Dax appreciated by 13 points.