Stagnation Time Again: Dow Goes Nowhere as Tax Talk Taxes
April 27, 2017 at 17:05 PM EDT
Stocks continued to trade sideways following the release of the Trump administrations tax reform plan yesterday. The S&P 500 advanced 0.1% to 2,388.77 today, while the Dow Jones Industrial Average ticked up 6.24 points to 20,981.33. The Nasdaq Composite rose 0.4% to 6,048.94, a new all-time high. The CBOE Volatility Index , or Vix, dropped to 10.36, the lowest since July 2014. The market continued its sluggish activity since President Donald J. Trump released his back-of-the-napkin tax plan . Commonwealth Financial Network's Brad McMillan explains why: