US Futures are Lower as Investors Weigh the Senate Version of the Tax Bill

US futures are lower as investors weigh the Senate version of the tax bill.  Investors seemed cautious as details of the Senate’s tax plan were revealed over concerns that the bill may not have enough support.  In economic data, October consumer prices rose by 0.1% and 2.0% yoy, both in line with estimates.  October retail sales rose 0.2%, above expectations of 0.1%.  The NY Fed Empire Manufacturing Survey was weaker than expected in November at 19.4.  European shares are lower, led by energy and materials stocks.  Asian shares closed lower, led by energy shares.  Japanese Q3 GDP came in better than expected, growing at a 1.4% annual rate.

US Futures Rise as the House of Representatives Mo...
US Futures are Lower as Producer Prices Rise

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