NEW YORK – The latest on developments in financial markets (All times local):
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9:40 a.m.
Stocks are opening mostly flat on Wall Street Thursday, as investors look for the much-anticipated release of House Republicans’ tax plan. Investors’ attention was also focused on the expected announcement of a new Federal Reserve chair.
Rubbermaid owner Newell Brands plunged 23 percent after it cut its annual forecasts following a weak third quarter report.
Victoria’s Secret owner L Brands jumped 8.3 percent after it gave a more optimistic forecast.
The Standard & Poor’s 500 index fell one point, or 0.1 percent, to 2,578.
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The Dow Jones industrial average rose 2 points, or less than 0.1 percent, to 23,437. The Nasdaq composite is down 18 points, or 0.3 percent, to 6,698.
