Dow rises while tax plan weighs on S&P, Nasdaq

FAN Editor
FILE PHOTO: Traders work on the floor of the NYSE in New York
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 16, 2017. REUTERS/Brendan McDermid/File Photo

November 2, 2017

(Reuters) – The Dow industrials climbed on Thursday while losses in Facebook kept the S&P 500 and the Nasdaq in check as investors assessed the long-awaited tax cut plan unveiled by U.S. President Donald Trump’s fellow Republicans.

The Dow Jones Industrial Average <.DJI> rose 80.29 points, or 0.34 percent, to 23,515.3, the S&P 500 <.SPX> gained 0.45 points, or 0.02 percent, to 2,579.81 and the Nasdaq Composite <.IXIC> dropped 1.59 points, or 0.02 percent, to 6,714.94.

(Reporting By Lewis Krauskopf; Editing by Nick Zieminski)

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