Wall Street Falls as Investors Fret About Tax Bill Passage

Wall Street Falls as Investors Fret About Tax Bill Passage
NEW YORK — Major U. S. stock indexes fell on Thursday, with the S&P 500 down the most in a month, as investor worries
over potential roadblocks to the Republicans’ tax overhaul more than offset optimism over strong retail sales data.
Kim Forrest said that The fear they can’t get corporate tax cuts across the finish line might be
causing the market to turn down, despite the strong retail sales and other good economic data,
Though congressional Republicans had reached a deal on final tax legislation on Wednesday, Republican Senators Marco Rubio
and Mike Lee said on Thursday they would not get behind the bill without changes to child tax credits.
Investors were also digesting the U. S. Federal Communications Commission’s vote on Thursday to repeal landmark 2015 rules aimed at ensuring a free
and open internet, setting up a court fight over a move that could recast the digital landscape
The Dow Jones Industrial Average fell 76.77 points, or 0.31 percent, to close at 24,508.66, the S&P 500 lost 10.84 points, or 0.41 percent, to 2,652.01
and the Nasdaq Composite dropped 19.27 points, or 0.28 percent, to 6,856.53.