On Thursday, Wall Street remained upset after “Big and Beautiful Bill” shook the American bond market.
The S&P 500 index fell 0.1 % early on Thursday, two consecutive days of losses, while the Dow Jones Index He saw 0.2 % dROP. They both saw an intermittent recovery, but they did not recover from the severe losses on Wednesday. Meanwhile, NASDAQ technology managed to spread 0.4 % earning.
The American bond market has been compressed as the 30 -year -old Treasury, which is inversely moved to prices, has arrived. Top since October. The increase in long -term rates, which are used as a criterion for consumer loans, may lead to more pressure on the economy.
The uncertainty in the markets comes after members of the House of Representatives in Trump spent the “Great and Beautiful” draft spending law that will reduce taxes and increase military spending that raises concerns that it may increase American debt from one trillion and increased deficit.
What do you know
- TrumpThe sweeping budget pack will move to Senate after It passes tight at home Early Thursday morning.
- The package, which is called Trump, called “his beautiful, beautiful bill”, contains a set of measures, including increasing spending on American army Security discounts and taxes.
- Trump’s draft law, which would implement overwhelming tax cuts, budget discounts and new work requirements in the field of Medicaid, which is approved with a razor margin, and the Senate may make changes to legislation.
- The bill, which includes about $ 4.9 trillion, was passed in tax exemptions, After weeks of negotiations And talks with Republicans, who were concerned about voters who lose critical benefits and others who called for more budget discounts.
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