Global Stocks Slip on US Tax Reform Setback

European stocks and U.S. equity futures dropped in early trading Friday, weighed by complications in the Republican effort to overhaul the tax code. The Stoxx Europe 600 fell 0.6% during morning trading, with Germany’s DAX and France’s CAC 40 dropping 1.1% and 1%, respectively. Ahead of the market …

Tech stocks dropped a third day, bringing their decline this week to almost 5 percent, and car makers sagged. U.S. stock-index futures also declined. Treasury yields dropped back below 2.4 percent after climbing eight basis points in the previous two days. The euro pared an advance even after …

U.S. stocks posted record highs after John McCain backed the Senate tax bill and the biggest technology stocks rebounded from their worst selloff in more than a year. The Dow Jones Industrial Average climbed past 24,000 after the statement of support from the Arizona Republican as the measure headed …

As central banks cut back their quantitative easing, pushing up the premiums investors demand to hold longer-dated bonds, returns are “likely to be lower across assets” over the medium term, the analysts said. A second, less likely, scenario would involve “fast pain.” Stock and bond valuations would both …

The Dow Jones Industrial Average posted its biggest one-day gain in a year Thursday, surging more than 330 points to close above 24000 for the first time. A mix of upbeat economic data and signs of progress on Republicans’ tax overhaul helped push the Dow industrials and the S&P 500 to records and …

Investors abruptly dumped technology and internet stocks Wednesday, a sign of vulnerability in a sector that has enjoyed a steep rise this year. The S&P 500 tech sector shed 2.6%, posting its third-biggest one-day decline of the year. Facebook Inc. dropped 4%, Apple Inc. fell 2.1% and chip maker Nvidia …

While not usually a liability, one problem for technology stocks right now is that they don’t pay that much. Among sectors, the 18.5 percent effective tax rate enjoyed by the group is the third-lowest among U.S. large caps, according to S&P Global data. And that means less potential bounty should Republican …

Bitcoin is all the rage, but there are also a handful of stocks that have equaled the digital currency’s gravity-defying surge this year. Lesser-known companies trading on stock exchanges in Japan, Hong Kong and India have seen their share prices soar at least 1,000 percent, matching the cryptocurrency’s …

Blue Apron Holdings Inc. has replaced its chief executive, as the meal-kit maker struggles to hold on to customers and reverse a precipitous drop in investor confidence since its initial public offering in June. Co-founder Matthew B. Salzberg was replaced as Blue Apron’s chief executive by CFO Brad …