US Stock Indexes Close Mostly Lower

Small-company stocks do well after GOP passes its tax plan
By Newser Editors and Wire Services
Posted Dec 20, 2017 3:18 PM CST

(Newser) – Stock indexes closed mostly lower Wednesday on Wall Street after bouncing around for much of the day, the AP reports. Health care companies and banks fell Wednesday. Drugmaker Pfizer fell 1.3%. Small-company stocks, which stand to benefit most from lower corporate tax rates, rose after Congress passed the Republican-sponsored tax bill. FedEx jumped 3.5% after raising its annual profit forecast.

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The Standard & Poor's 500 index fell 2 points, or 0.1%, to 2,679. The Dow Jones industrials fell 28 points, or 0.1%, to 24,726. The Nasdaq composite slipped 2 points, less than 0.1%, to 6,960. The Russell 2000 of smaller-company stocks rose 3 points, or 0.2%, to 1,540. Bond prices fell. The yield on the 10-year Treasury rose to 2.49%.

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