U.S. stocks close mixed as tech stocks rebound
Xinhua,December 07, 2017 Adjust font size:
NEW YORK, Dec. 6 (Xinhua) -- U.S. stocks ended mixed on Wednesday as technology stocks continued to bounce back.
The Dow Jones Industrial Average lost 39.73 points, or 0.16 percent, to 24,140.91. The S&P 500 decreased 0.30 points, or 0.01 percent, to 2,629.27. The Nasdaq Composite Index was up 14.16 points, or 0.21 percent, to 6,776.38.
Technology stocks posted second consecutive gains on Wednesday, with shares of Facebook rising nearly 2 percent after being pressured over the past week.
Meanwhile, investors kept an eye on the progress of the U.S. tax reform. The U.S. Senate on Saturday morning passed the Republican bill to overhaul the tax code in decades, moving one step closer to the first major legislative victory of the Trump administration and congressional Republicans.
Market sentiment had been boosted by the prospect of the tax bill over the past few sessions, sending the Dow Jones Industrial Average to record highs earlier this week. Enditem