Industrials Down As Traders Back Off Tax Bets -- Industrials Roundup

Features Dow Jones Newswires

Shares of manufacturing and transportation companies declined as traders retreated from bets that the tax-cut package would quickly accelerate economic growth.

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U.S. defense companies broadly welcomed proposed federal tax changes, even if the fate of the research-and-development credit remains in limbo, as reported earlier.

--Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 05, 2017 16:24 ET (21:24 GMT)