Virginia's Election and China's Trade Surplus - This is What You Need to Know

Investors pull back from recent highs amid a slip in the dollar linked to reports that Senate Republicans could delay corporate tax cuts
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This is what you need to know on Wednesday:

European stocks opened lower Wednesday, while U.S. equity futures were mixed as investors pull back from recent highs amid a slip in the dollar linked to reports that Senate Republicans could delay corporate tax cuts and alter other aspects of the reform bill supported by President Donald Trump.

China's trade surplus with the United States slipped from a record high last month, according to official data published Wednesday, but still rose past $300 billion over the first 10 months of the year just as President Donald Trump arrives for a state visit in Beijing.

Virginia Lt. Governor Ralph Northam, a Democrat, has been elected governor of the state. With 99% of the vote counted as of 10:20 p.m. ET, Northam, a physician and Gulf War veteran, had captured 53.9% of the vote. His Republican challenger, Ed Gillespie, picked up 45% of the vote. Gillespie is a former Republican National Committee chairman.

Ahold Delhaize NV (ADRNY) shares rose to a three-month high in Amsterdam trading Wednesday after the Food Lion and Stop & Shop owner posted stronger-than-expected third quarter earnings and grew its U.S. sales despite intense competition from discount retailers and Amazon's (AMZN) - Get Report move into food delivery.

Marks & Spencer (MAKSY) shares fell sharply Wednesday after it reported signs of weakness in its food division, as cracks in the U.K. retail begin to take shape

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