December 19, 2017
The Republican tax bill had passed the House late in the day's trading session but hit a snag due to a couple of Senate rules and is back in the House for correction and re-vote. A vote in the Senate is expected either later tonight or tomorrow. Housing starts and permits lead the day's economic data showing solid strength and offering the latest signal that the new home market is suddenly swinging higher. But the Dow didn't rally in the session, edging 0.2 percent lower to 24,754. But money does continue to back out of the Treasury market where the 10-year yield rose 7 basis points to 2.46 percent.