Markets Slip Ahead of Tax Reform | Trading Concepts Daily Actionable Newsletter

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U.S. markets opened mixed and were slightly weak throughout  Tuesday’s session and ahead of the House vote on the Republican tax-reform package. After the vote was passed, the market rebounded off its lows but still closed in the red as the bill now gets sent to the Senate for a vote tonight.

The Russell 2000 was the weakest link after tumbling 0.8% while finishing a point off its session low.

The S&P dropped 0.3% while the Dow fell 0.2% to snap two-session win streaks. The Nasdaq stumbled 0.4% after failing to hold the 7,000 level for the second-straight session.

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