Little reaction from Wall Street to Senate passage of Trump budget bill

Key Takeaways:

• The Senate passed President Trump’s budget bill.
• Wall Street showed little reaction to the bill’s passage.
• Stocks remained steady following the Senate’s approval.
• CBS News MoneyWatch correspondent Kelly O’Grady reported on the event.
• The lack of market movement suggests minimal immediate impact.

Senate Passes Trump’s Budget Bill

The Senate has approved President Trump’s budget bill, marking a significant step in the administration’s fiscal agenda. The passage of the bill represents a key legislative victory for the President and his economic policies.

Wall Street’s Muted Response

Despite the legislative development, Wall Street remained largely unaffected. Stocks held steady, showing little to no fluctuation in response to the news. This lack of reaction suggests that the markets had anticipated the bill’s passage or view its immediate impact as limited.

Reporting by Kelly O’Grady

CBS News MoneyWatch correspondent Kelly O’Grady provided coverage of the event, highlighting the steady state of the markets. Her reporting underscores the disconnect that can sometimes occur between significant political actions and market responses.

Conclusion

The minimal reaction from Wall Street following the Senate’s approval of President Trump’s budget bill indicates a cautious or measured stance by investors. As stocks remain steady, it remains to be seen how the budget will influence the markets in the longer term.