S&P 500 directionless after Trump's tax-cut bill wins House vote

Quick Summary:

The S&P 500 struggled for direction on Thursday after the US House of Representatives passed President Donald Trump's tax and spending bill, expected to burden the federal government with trillions of dollars in extra debt, by a razor-thin margin.

At 11:46 a.m.ET, the Dow rose 52.01 points, or 0.12%, to 41,912.45, the S&P 500 gained 8.17 points, or 0.14%, to 5,852.78, and the Nasdaq added 120.56 points, or 0.64%, to 18,993.21.

US stocks have had a solid month so far, with the S&P 500 climbing more than 15% from its April lows, when Trump's reciprocal tariffs roiled global markets.

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Category: EconomyBusiness

Markets: Malaysia

Topics: FiscalPolicy Markets GreenSubsidies SP500 TrumpTaxBill /Business/ USDebt RateCuts TreasuryYields

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 06:20:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 577 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Star

News ID: 28918413

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Main Topics: EconomyBusiness

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