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Stock market retreats as doubts over pace of tax cuts emerge
U.S. stock benchmarks on Monday traded lower as a report said the House of Representatives is considering phasing in a cut to corporate taxes rather than enacting them immediately. Investors were also awaiting a batch of key events later in the week, including a Federal Reserve meeting, the announcement of who will lead the U.S. central bank and a key employment report on Friday. What are stocks doing? The Dow Jones Industrial Average DJIA, -0.35% shed 75 points, or 0.3%, to 23,358, weighed by components Merck & Co. Inc. MRK, -5.99% and General Electric Co. GE, -1.96% The S&P 500 index SPX, -0.36% fell 8 points, ... (full story)