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Major U.S. Stock Indexes Close Mixed Following Recent Strength
After trending higher over the past several sessions, the major U.S. stock indexes turned in a mixed performance during trading on Tuesday.
While the Dow showed a notable advance to reach its best closing level in over four months, the Nasdaq and the S&P 500 gave back ground.
The Dow jumped 400.17 points or 0.9 percent to 44,494.94, but the S&P 500 edged down 6.94 points or 0.1 percent to 6,198.01 and the Nasdaq slid 166.84 points or 0.8 percent to 20,202.89.
The mixed performance on Wall Street came following the strong performance seen in recent sessions, which saw the Nasdaq and the S&P 500 reach new record highs.
Traders also continued to keep an eye on developments in Washington, D.C., where the Senate narrowly voted to approve President Donald Trump’s massive tax cuts and spending bill.
With Vice President J.D. Vance voting to break a 50-50 tie, the legislation now heads back to the House, where the Republicans hold a narrow majority.
On the U.S. economic […]
