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Stocks fall on Wall Street amid worry over GOP tax reform plan | KTIC Radio

Stocks fall on Wall Street amid worry over GOP tax reform plan

JaysonPhotography/iStock/Thinkstock
JaysonPhotography/iStock/Thinkstock

(NEW YORK) — With investors worried about Congressional Republicans’ tax plan, stocks closed the day lower.

The Dow Jones Industrial Average backed off Wednesday’s record close, dropping 101.42 to end the session at 23,461.94.

The Nasdaq slid 39.07, closing at 6,750.05, while the S&P 500 finished trading at 2,584.62, 9.76 down from its open.

Republicans in the Senate released an outline of their tax plan this afternoon. They continue to work on the plan behind closed doors, but say they won’t touch the mortgage interest deduction. That is, however, part of the House’s plan.

WalMart says its stores will open at 6pm on Thanksgiving Day and remain open through Black Friday. That the latest announcement for retailers’ holiday shopping sales. The announcement didn’t make mention of WalMart’s infamous one-hour guarantee — where you can purchase something online and pick it up in-store one hour later.

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