Here are five things you must know for Thursday, Dec. 21:
The Dow Jones Industrial Average declined 0.11%, the S&P 500 fell 0.08% and the Nasdaq slipped 0.04% on Wednesday, Dec. 20, after the House of Representatives gave final approval to the GOP tax reform bill.
The bill now goes to Donald Trump, who has said he would like to sign the measure before Christmas. However, Bloomberg reported that Trump may hold off on signing the bill until Jan. 3, 2018, to ensure automatic spending cuts to Medicare and other programs don't take effect, according to a House Republican aide familiar with the plans.
The largest overhaul to the U.S. tax code in 30 years will see the corporate tax rate fall to 21% to 35%, which could boost company earnings and lead to higher dividends and stock buybacks.
Asian shares finished Thursday's session slightly lower after Japan's central bank left its monetary policy unchanged.
4. -- Apple Inc. (AAPL) admitted on Wednesday that it intentionally slows down iPhones as they get older.
Apple said it slows down phones as they age with use -- specifically as their batteries get worn down -- to prevent the older phones from shutting down unexpectedly.
The tech giant said it has been slowing down the performance of iPhones since last year.
Evidence was uncovered by Geekbench developer John Poole this week.
SoftBank Group Corp., an existing investor, also participated in the latest funding, a spokesman for the Japanese firm confirmed to Reuters.
This story has been updated to include earnings reports from Accenture and Finish Line.
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