Uncertainty About Tax Reform May Weigh On Wall Street

The major U.S. index futures are pointing to a lower opening on Tuesday following the modestly higher close seen in the previous session.

Lingering uncertainty about the outlook for the Republican tax reform proposal may weigh on the markets as the House prepares to vote on their bill later this week.

The House bill has significant differences from the Senate version, raising concerns about whether GOP lawmakers will be able to work together to combine the legislation.

Nonetheless, traders may be reluctant to make significant moves ahead of the release of reports on consumer prices, retail sales, industrial production and housing starts in the coming days.

After seeing initial weakness, stocks moved modestly higher over the course of the trading session on Monday. The major averages climbed well off their early lows and managed to end the day in positive territory.

The Dow inched up…

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