The S&P 500 closed down about 0.1%, while the Dow Jones industrial average fell about 0.3%. Meanwhile, the tech-heavy Nasdaq was up about 0.1%.
ADVERTISEMENT
STOCKS GO NOWHERE: Here's what you need to know
US stocks closed mixed but little changed the day before the Thanksgiving holiday.
ADVERTISEMENT
Recommended articles
First up, the scoreboard:
- Dow:
- S&P 500:
- Nasdaq:
- US 10-year yield:
- WTI crude oil:
1. The government proposed new rules that would let internet providers block apps and create fast lanes. The FCC released its proposed rollback of Obama-era "net neutrality" regulations requiring internet service providers to treat all data on their networks equally.
ADVERTISEMENT
2. The Fed is having second thoughts about raising interest rates further. Fed Chair Janet Yellen raised new concerns about whether or not persistently low inflation is "transitory" in a speech Tuesday night.
3. A new analysis shows the Senate GOP tax bill fails a key test that would prevent it from passing. The University of Pennsylvania's Wharton School Budget Model shows that the bill would decrease revenues and increase the federal debt outside a 10-year window, violating the "Byrd rule" that would allow Republicans to pass the bill with 50 votes in the Senate and avoid a Democratic filibuster.
ADDITIONALLY:
ADVERTISEMENT
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
5 interesting facts about the new Guinness World record breaker Tunde Onakoya
Africa's gaming gold rush: Unveiling the surge in online gambling
Seven African countries added to Meta's AI service coverage
10 African countries with the lowest inflation rates in 2024
Davido launches his label Nine+ in partnership with UnitedMasters
Nigeria's economic ranking drops to fourth in Africa
Moscow inaugurates its House of Africa
The CBN justifies $2b billion loss in forex, dispelling Naira defense claims
