Today's Edition
NEW YORK (AFP)
Wall Street stocks were mixed early Wednesday as markets awaited further action on President Donald Trump's sweeping tax cut legislation and digested poor US hiring data.
After White House allies eked out Senate passage of Trump's controversial package, which includes social spending cuts and large funding increases for deportations, House Republican leaders faced further hurdles in a vote expected for later Wednesday or Thursday.
Elsewhere, data from payroll firm ADP showed a decline of 33,000 jobs in June, a potential sign of labour market weakness amid uncertainty from Trump's tariffs. The report comes ahead of Thursday's more definitive government jobs data.
About 30 minutes into trading, the Dow Jones Industrial Average was down 0.2 percent at 44,390.29.
The broad-based S&P 500 was unchanged at 6,196.26, while the tech-rich Nasdaq Composite Index added 0.3 percent at 20,253.46.
Among individual companies, Tesla rose 2.1 percent after reporting a 13.5 percent drop in second-quarter auto deliveries, portending another poor quarter in terms of profitability.
However, some analysts had in recent days projected far worse figures in light of the headwinds facing Elon Musk's company.
