U.S. stock benchmarks early Thursday saw muted moves as as traders took a cautious approach to buying equities ahead of Trump’s choice of Federal Reserve leader and the unveiling of a House Republican tax bill. The Dow Jones Industrial Average was flat at 23,432, the S&P 500 index was little changed at 2,577, while Nasdaq Composite Index was down 0.2% at 6,702. A tax bill from House Republicans is expected later in the morning, while the President is slated to tap Fed. Gov. Jerome Powell to replace Chairwoman Janet Yellen as Fed boss later Thursday afternoon. In corporate news, Tesla Inc. dropped 6% after the electric-car maker late Wednesday reported a wider-than-expected loss. Looking ahead, investors are awaiting quarterly results from social-media giant Faecbook Inc. after Thursday’s regular session of trade.
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