Stock Market Today: Stocks Chop After House Passes Trump's Tax Bill

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Thu, May 22, 2025

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Stock Market Today: Stocks Chop After House Passes Trump's Tax Bill

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Stock Market Today: Stocks Chop After House Passes Trump's Tax Bill

^{Published on 2025-05-22 17:01:02 - Kiplinger}

The bill, which was narrowly approved by the House of Representatives, will now move to the Senate.

On December 20, 2017, the U.S. stock market experienced volatility after the House of Representatives passed President Trump's tax bill, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all showing significant fluctuations throughout the day. The tax bill, which promised to be the most significant overhaul of the U.S. tax code in decades, was expected to boost corporate earnings and stimulate economic growth, leading to initial market optimism. However, concerns about rising interest rates and potential inflation caused by the tax cuts led to a late-day sell-off, with the Dow closing down 0.3%, the S&P 500 down 0.1%, and the Nasdaq finishing the day essentially unchanged. Investors remained cautious, awaiting the Senate's vote on the tax bill, which was anticipated to occur later that week.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-chop-after-house-passes-trumps-tax-bill ]

N@N

Stock Market Today: Stocks Chop After House Passes Trump's Tax Bill