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Bonds Tumble, Equities Mixed as Tax Bill Passes: Markets Wrap

  • Consumer, real estate shares drag S&P; Europe stocks struggle
  • Bloomberg Commodity Index rises as metals gain, oil tops $58
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Tax Bill Risks a More Aggressive Fed, Says Paolini
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U.S. stocks fluctuated while Treasury yields climbed to a nine-month peak as the Republican tax overhaul passed its final vote before going to President Donald Trump for his signature.

The S&P 500 Index was little changed Wednesday, held back in part by slumping consumer and real estate shares, while the energy and telecom sectors rose. Core European bond yields followed Treasury rates higher, with European Central Bank asset purchases for the year ending Thursday.