Trump, Dow and GOP tax bill
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Under30CEO on MSNDow plunges 817 points amid tax bill fearsThe Dow plunged 817 points, or 1.91%, on Wednesday as worries grew about the impact of President Donald Trump’s proposed tax bill on American assets. The S&P 500 dropped 1.61%, and the tech-focused Nasdaq Composite fell 1.
Dow slides as Treasury yields surge above key levels. Traders eye deficit risks, stalled tax bill, and Fed signals for the next stock market move.
Poor breadth is mirrored in the percentage of total shares traded that are falling versus those rising. On the NYSE, declining volume accounts for 87.6% of the total while on Nasdaq the percentage of shares trading lower equals 70.3% of the total.
Stocks slid on Friday as President Trump ramped up on tariff threats, this time targeting the Europe Union and Apple.
House Republicans’ domestic agenda bill doesn’t have a topline cost estimate yet and faces the likelihood of major rewrites in the Senate, but it’s already sending shockwaves through global
Trump’s tariffs and the global trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
As a Republican-backed bill moves ahead in ... much of a change because their tax brackets would remain at the same levels they've been at since the cuts took effect in 2018.