US Mid-session Report 10 Nov 17: Markets sell off on US tax reform delay and Saudi pressures.

US sharemarkets fell sharply on Thursday as investors feared about potential delays to the Republican tax package. The Senate version of the tax bill is believed to delay the cut in the corporate tax rate by a year. Shares in department store Macy's rose by 11% after profit beat expectations. With just over an hour of trade to go the Dow Jones was down by 129 points or 0.5% after being down 253 points at one stage. The S&P 500 was down by 0.6% and the Nasdaq fell by 56 points or 0.8%

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