Asia Stocks Pare Gains as U.S. Equity Futures Drop: Markets Wrap
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Dow vaulted past 24,000 as technology recovers from rout
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U.S. Senate suspends tax bill debate as cracks appear
Asian stocks pared early gains at the start of the last month of 2017 and S&P 500 Index futures declined as the U.S. tax bill encountered stumbling blocks. The dollar headed for its first weekly gain in four weeks ahead of the tax vote.
Japanese shares gave up an advance that briefly helped the Nikkei 225 Stock Average reclaim a 25-year high reached in November. Shares rose in Australia and swung between gains and losses in Hong Kong. The Dow Jones Industrial Average climbed past 24,000 after John McCain backed the Senate tax bill, and the S&P 500 Index capped its longest monthly winning streak since 2007 as technology stocks rebounded. Treasuries held a slide, with the 10-year yield breaking above 2.4 percent. The dollar came under pressure after the U.S. Senate suspended votes on the bill until Friday as it emerged a key compromise to help its passage collapsed…
Asia Stocks Pare Gains as U.S. Equity Futures Drop: Markets Wrap
