Stocks traded narrowly lower midday after lawmakers agreed to terms of a spending bill that will stave off a government shutdown following the passage of tax reform.

The Dow and S&P 500 are still on track for their fifth-straight weekly gain.

President Donald Trump signed tax bill into law Friday.

John Schnatter, founder and CEO of Papa John's International Inc. (PZZA) , resigned from his position effective Jan. 1 following a string of controversial debate between him and the NFL over the League's handling of players kneeling during the National Anthem.

Qualcomm Inc. (QCOM) announced it has rejected the 11-person slate of dissident director candidates nominated by Broadcom Inc. (AVGO) .

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