Stocks Closed Mixed on Wall Street
And House Republicans' tax proposals didn't help
By Newser Editors and Wire Services
Posted Nov 2, 2017 3:25 PM CDT
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Trader Michael Milano works on the floor of the New York Stock Exchange, Wednesday, Nov. 1, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks closed mixed Thursday as investors pored over House Republicans' tax proposals and a disappointing round of company results, the AP reports. Rubbermaid owner Newell Brands plunged 27% and generic drugmaker Teva Pharmaceutical Industries dropped 20%. Both cut their annual forecasts following weak third quarter reports. Homebuilders fell after Republicans proposed to limit a popular tax deduction on mortgage interest. Toll Brothers fell 6.1%.

The Standard & Poor's 500 index rose less than a point to 2,579. The Dow Jones industrial average rose 81 points, or 0.4%, to 23,516. The Nasdaq composite fell 1 point, or less than 0.1%, to 6,714.


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