Stocks Slightly Higher, Even With GE, Tax Reform Worries

(New York, NY) General Electric and the future of tax reform are putting a damper on trading today, though stocks are trading slightly higher. GE shares dropped to their lowest point in five years after the company announced it was slashing its dividend and profit forecast. The House is hoping to vote this week on a tax reform bill that would cut the corporate tax rate immediately.  But a Senate version would possibly put off the corporate cut until 2019. The Dow Jones Industrial Average was up 18 points to 23-440. The S&P 500 added three points to close at 25-85, while the Nasdaq climbed seven points to 67-58.