U.S. equities closed little changed on Wednesday as Congress approved a bill that would cut corporate taxes.
The Dow Jones industrial average slipped 28.10 points to 24,726.65. The S&P 500 finished 0.1 percent lower at 2,679.25, with utilities and real estate offsetting a 1.4 percent gain in energy. The Nasdaq composite closed flat at 6,960.96 as large-cap tech stocks like Apple, Facebook and Alphabet traded lower.
"There is positive momentum in the economy and the market, but we've had a big run-up recently, so now we're just treading water," said Lisa Erickson, head of traditional investments at U.S. Bank Wealth Management.
Senate Republicans approved sweeping amendments to the U.S. tax code Tuesday, including reducing the corporate tax rate to 21 percent from 35 percent.