U.S. stock benchmarks added to modest losses Monday afternoon after a report indicated that the House of Representatives is considering phasing in a cut to corporate taxes rather than enacting them immediately. Investors were awaiting a batch of key events later in the week, including a Federal Reserve meeting, the announcement of who will lead the U.S. central bank and a key employment report on Friday. The Dow Jones Industrial Average shed 77 points, or 0.3%, to 23,358, weighed by components Merck & Co. Inc. Johnson & Johnson Home Depot Inc. and 3M Co.
U.K. stocks also closed with losses for the first time in three sessions on Monday, …
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