House Speaker Mike Johnson said he plans to move ahead with a vote on Trump's tax legislation as soon as tonight despite Republican lawmakers in the House Fr

Wall Street's main indexes opened lower on Wednesday, as investors awaited the outcome of a pivotal debate around U.S. President Donald Trump's tax-cut bill that has fanned concerns about the country's growing debt.

Eastern time, the S&P 500 was down 0.4%, the Dow Jones Industrial Average lost 0.7%, and the Nasdaq Composite fell 0.2%.

Wall Street saw one of its most brutal selling sessions overnight in over a month as rising deficit worries led to a spike in bond yields, which in turn hit sentiment around equities. The run-up seen from lower levels also was a big factor in investors choosing to take money off the table as uncertainties rose.

The bond sell-off arrives at a moment of heightened volatility in Treasury markets. Long-term bond yields soared last month in the immediate aftermath of Trump's "Liberation Day"

US Stock market indexes on Wednesday closed with their biggest daily losses in a month. Small cap stocks also fell sharply, with the Russell 2000 index posting its biggest daily l

Wall Street finally lost momentum on Tuesday as the tech rally that had been dragging indexes higher gave out, ending a six-day streak of gains. According to data from CNBC, the S&P 500 closed at 5,940.

Stock index futures inched lower on Tuesday, a day after the S&P 500 extended its winning streak, shrugging off Moody’s downgrade of the U.S.'s last remaining top-tier credit rating.