Stocks hold steady as Congress passes tax bill


Wall Street optimistic following GOP tax reform bill

FOX Business’ Nicole Petallides reports on the optimism on Wall Street following the passage of the $1.5 trillion tax reform package.

U.S. stocks were little changed Wednesday after Congress passed a $1.5 trillion tax cut package.

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The Dow Jones Industrial Average lost about 28 points, slipping to 24,726. The S&P 500 fell 2 points to 2,679. The Nasdaq Composite edged 2 points lower to 6,960.

Wall Street had been on a record-breaking run leading up to the final tax vote in Congress. The Dow recently marked its 70th record close for 2017, the blue-chip index’s best performance in history.

The bill, which will cut taxes for corporations and individuals, is expected to be signed by President Trump before Christmas.

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