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%.
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STOCKS GO NOWHERE: Here's what you need to know
US stocks closed mixed but little changed the day before the Thanksgiving holiday.
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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.
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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:
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