US benchmark equity indexes were on track to close higher Thursday after President Donald Trump's tax bill narrowly passed the US House of Representatives.
The Dow Jones Industrial Average gained 0.4% to 42,039.70, the Nasdaq Composite increased 0.9% to 19,034.11, and the S&P 500 advanced 0.5% to 5,871.97. Among sectors, consumer discretionary paced the gainers, and utilities led the declines.
Coinbase Global (COIN) shares rose 6.7%, the top gainer on the S&P.
Kraken, the cryptocurrency exchange, intends to allow non-US customers to trade popular stocks such as Nvidia (NVDA), Apple (AAPL) and Tesla (TSLA) as tokens over a digital ledger, The Wall Street Journal reported. Shares of Nvidia shares rose 1.5%, Apple gained 0.1%, and Tesla advanced 3.2%.
Seagate Technology (STX) shares rose 4.2%. The company's board approved a stock buyback of up to $5 billion.
Shares of solar companies slumped after the tax bill included cuts to key clean energy credits, according to media reports. SunRun (RUN) shares tumbled 37%, Enphase (ENPH) dropped 18%, and SolarEdge Technologies (SEDG) declined 24%.
The 10-year US Treasury yield fell 5.8 basis points to 4.55%, and the two-year rate dropped 2.7 basis points to 4%.
July West Texas Intermediate crude oil declined 0.6% to $61.21 a barrel.
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