Trump Tax Plan Announcement Wipes Out Early Market Gains

US indexes closed nearly unchanged Wednesday
By Newser Editors and Wire Services
Posted Apr 26, 2017 3:56 PM CDT
US Indexes Close Nearly Unchanged
Specialists on the floor of the New York Stock Exchange watch Gary Cohn, director of the White House National Economic Council, Wednesday, April 26, 2017.   (AP Photo/Richard Drew)

Stocks closed nearly unchanged as early gains evaporated following the White House's announcement about its tax policy proposals, the AP reports. Corporate earnings were also in focus Wednesday. Overall more stocks rose than fell. Health care companies gained more than the rest of the market. Health insurer Anthem gained 3.7% after reporting earnings that beat analysts' expectations.

The Standard & Poor's 500 fell 1 point, or 0.1%, to 2,387. The Dow Jones industrials fell 21 points, or 0.1%, to 20,975. The Nasdaq composite was little changed at 6,025. The Russell 2000 index of smaller-company stocks rose 8 points, or 0.6%, to close at a record high of 1,419. (More stock market stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.