Stocks end mixed after bouncing around for much of the day
NEW YORK (AP) — U.S. stocks bounced around Wednesday and finished little changed after Congress passed the Republican-sponsored tax bill. Smaller companies fared the best.
The Senate narrowly passed the tax bill after midnight and the House, which passed a similar bill Tuesday but had to go back and make changes, followed suit in the afternoon. President Donald Trump is expected to sign the bill soon.
Smaller companies climbed, as they might benefit the most from the corporate tax cut. Bond yields rose, which hurt companies that pay big dividends, including utilities and household goods makers.