Risk Appetite Diminished as Senate Republicans Confirmed Intentions of Delaying Corporate Tax Cut

Market sentiment soured as Senate Republicans confirmed the intention to delay corporate tax cut to 2019. Wall Street slumped with DJIA and S&P 500 indices dropping -0.5% and -0.6% respectively. US dollar fell across the board with the DXY index down -0.45% for the day. Safe haven assets strengthened as both Japanese yen and gold climbed higher. US Treasuries also firmed, sending yields lower.

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Risk Appetite Diminished as Senate Republicans Confirmed Intentions of Delaying Corporate Tax Cut