Markets Turn Lower Following Progress on Trump’s Tax Bill

Markets edged into negative territory after the House of Representatives moved forward with President Donald Trump’s sweeping tax and spending legislation.

Investor sentiment turned cautious amid concerns that the bill—touted by Trump as "one big beautiful bill"—could have adverse economic consequences. These fears intensified after Moody’s downgraded the U.S. credit rating, stripping it of its prized triple-A status.

Source: Yahoo Finance