Tuesday's Market Recap - Stock Moderately Lower As House Passes GOP Tax Bill.

What is The Premarket Telling Us?

US stock futures are slightly higher. Dow futures up 38 points, Nasdaq futures up 1.5 point, S&P futures up 2.0 points. Asian market were mostly higher, and European markets are looking weak early in their session.

On The Bond Desk:

US 10 year bond yield has ticked up to 2.39%, adding 3 basis points.

Currency Desk:

Euro dollar at 1.18

UK Pound at 1.33

Crude Oil:

WTI crude oil futures at $57.47/barrel, up 0.54%.

On the Earnings Calendar:

In M&A News:

Darden's Restaurant, owner of the Olive Garden restaurants, reported strong quarterly earnings results.

What About The Asian And European Markets?

Asian markets close mostly higher; Japan (Nikkei 225)fell 0.15%, Shanghai up 0.88%, Hong Kong (Hang Seng) gained 0.70%

European markets closed mostly lower; Germany DAX lost 0.72%, France CAC 40 down 0.69%, and London FTSE 100 added 0.09%.

Market And Sector Dynamics

Stocks opened mixed, with the Dow up 49 points, Nasdaq fell 2 points, and the S&P gained 3 points. Today, the House of Representatives is expected to vote on GOP tax bill, and it does appear that investors are looking to add to yesterday's gains.

Market went negative shortly after the opening bell, even as the tax bill is expected to pass the house later this afternoon.

Stocks bounced off the lows after the House passed the tax bill, but not enough get back over the flat line.

Nine of the eleven S&P sectors close with gains. Utilities, telecommunication services, financials and technology were the outperformers.

Factors Influencing Today's Market

• Crude oil prices rose moderately in the session; WTI crude oil closed at $57.70/barrel, up 0.94%.

• Strong quarterly earning from Darden Restaurants.

• US House of Representative passes the GOP tax bill.

• US 10 year bond yield is trending towards the 2.50% level.

Market Close Volume Traded And Advance Decline Ratio

At the end of the trading session, the Dow lost 37.45 points, Nasdaq lost 30.91 points, and the S&P gave up 8.69 points. Total NYSE volume traded, 3.16 billion shares. Declining shares outpaced Advancing shares nearly 2:1.

Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.