Midday Market: Stocks Trade Lower as President Trump Inks Tax Bill Into Law




TheStreet TV show

Summary: Stocks traded narrowly lower midday after lawmakers agreed to terms of a spending bill that will stave off a government shutdown following the passage of tax reform. The Dow and S&P 500 are still on track for their fifth-straight weekly gain. President Donald Trump signed tax bill into law Friday. John Schnatter, founder and CEO of Papa John's International Inc. , resigned from his position effective Jan. 1 following a string of controversial debate between him and the NFL over the League's handling of players kneeling during the National Anthem. Qualcomm Inc. announced it has rejected the 11-person slate of dissident director candidates nominated by Broadcom Inc. . Watch More with TheStreet: Watch: Here Is Everything You Need to Know About the Stock Market in 2018 Five of 2017's Biggest Tech Moments: Video Here Is What to Expect From the IPO Market in 2018 Kawasaki Unveils Z 900 RS Motorcycle in Time for Holidays