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Stocks reversed earlier gains by the closing bell on Thursday as tax reform concerns returned to the very forefront of investors' minds. Stocks had earlier traded higher, but around early afternoon, investor sentiment reversed. Florida Senator Marco Rubio tweeted that he will not vote in favor of the GOP tax bill unless tax credits for the working poor are expanded. Votes from Bob Corker of Nevada, Rand Paul from Kentucky and Arizona's John McCain all remain in limbo as well. Legislators are expected to vote on the measure next week. Wall Street remains largely hopeful a tax bill will get to President Trump's desk before the holiday recess. And also out of Washington, the FCC has voted to repeal Obama-era rules on net neutrality. The 3-2 vote along party lines came after a fierce public debate that lasted several months. Now, internet service providers have control over customers' internet access, including what they can see and how fast they can see it. While many were very vocally against repealing net neutrality, it's considered a win for the likes of Comcast or Verizon.

Stocks were into the green Thursday, if only by a bit, as deal news propelled big names. Wall Street was abuzz early Thursday after Disney announced it's buying most of Twenty-First Century Fox's media assets for $52.4 billion - making it Disney's biggest acquisition ever. News of a deal came after several weeks of speculation and more than a few rumored suitors for Fox. Fox's stock had increased more than 30% since the deal rumors started. Both Fox and Disney shares were teetering into the red and green throughout the morning Thursday. Teva stock was flying high Thursday after the Israeli generic drug maker announced a spate of job cuts to the tune of 14,000 people globally. That's more than a quarter of its staff gone over the next two years. The cuts are the most recent effort in a campaign to lower the embattled company's costs by $3 billion by the end of 2019. And as the holiday season merrily continues, retail sales for November rallied higher 0.8% over the previous month, topping analyst expectations of a 0.3% gain. Year over year, retail sales are up 5.8%. Now that's something to celebrate. Watch More with TheStreet: Southwest Airlines CEO Gary Kelly on When Airlines Might Accept Bitcoin Billionaire Ken Fisher: 2017's Stock Market Returns Are Average Jim Cramer Explains Why Broadcom is a Long-Term Winner Need a Quick Hostess Gift? Try AMZN Handmade and Your Prime Account

U.S. equities were largely higher after the Federal Reserve raised a key interest rate by 25 basis points. The Dow hit a record close and the Nasdaq finished higher but the S&P 500 closed lower. Shares of Delta Air Lines Inc. were in focus following reports that the company will announce an order for 100 Airbus A321neo jets, sources told CNN Money and CNBC. The order is expected to be announced by the airline on Thursday. The move would be a blow to rival plane-maker Boeing Co. , which was in negotiations to sell 100 of its 737 Max 10 airliners to Delta, according to CNN Money sources. T-Mobile US Inc. shares were slightly higher after the mobile carrier announced plans to launch a "disruptive new TV service" in 2018 following its acquisition of startup Layer3 TV for an undisclosed amount. The company said that it wants to disrupt the traditional pay TV model that features long contracts and bloated bundles.

U.S. stocks traded higher on Wednesday, Dec. 13 as investors anticipated the latest monetary policy from the Federal Reserve. Shares of Finisar Corp. soared some 30% after Apple Inc. invested $390 million in the laser chipmaker. Finisar is Apple's second-largest supplier of the laser technology that Apple uses for facial-recognition capabilities in the iPhone X. Target Corp. stock jumped after purchasing tech startup Shipt for $550 million on Wednesday. The retailer expects to be able to offer same-day delivery at about half of its 1,800 stores by next summer. The full rollout will hit all of its stores by next year's holiday season. Watch More with TheStreet: 5 Times Elon Musk Was Absolute Magic on Twitter: Video Jim Cramer Reveals DowDuPont as One of His Favorite Stocks Many U.S. States Fail at Teaching High School Students About Money (Podcast) Here's How to Use Bitcoin to Buy Real Estate

Did you sleep through some of last night and today's biggest headlines. Here's what you need to get caught up during your morning commute: 1. Democrat Doug Jones defeated Roy Moore in the Alabama special Senate election. 2. Investors seem certain the Fed will raise interest rates today. 3. Disney is reportedly closing in on a deal to buy key Twenty-First Century Fox media assets for around $40 billion. 4. Google plans to open an AI research center in China. 5. Futures were mixed as investors reconfigure their expectations for the Senate composition. Watch More with TheStreet: 5 Times Elon Musk Was Absolute Magic on Twitter: Video Jim Cramer Reveals DowDuPont as One of His Favorite Stocks Many U.S. States Fail at Teaching High School Students About Money (Podcast) Here's How to Use Bitcoin to Buy Real Estate

U.S. equities were mixed on Tuesday. The Dow climbed by triple digits and the S&P 500 finished in the green to reach new record closes, but the Nasdaq finished lower. Tesla Inc. shares surged by about 3% on Tuesday after Pepsico Inc. announced it purchased 100 of Tesla's new electric Semi trucks. Pepsi's order represents Tesla's largest preorder to date. Pepsi joins Walmart Stores Inc. and Anheuser Busch InBev SA/NV in making public announcements about purchasing the vehicles. The Tesla Semi trucks were unveiled in November and are scheduled for production in 2019. Shares of AMC Entertainment Holdings Inc. were in focus after the company and Saudi Arabia's main sovereign wealth fund announced a partnership to bring cinemas to the country as it lifts a 35-year-old ban on cinemas. The Fund said this partnership was in line with its mandate to help unlock promising new sectors within the kingdom.

U.S. stocks were largely higher on Tuesday with the Dow Jones Industrial Average rising by triple digits as the Federal Reserve kicks off its two-day policy meeting in Washington. Shares of Boeing Co. rose by more than 2% helping to power the Dow higher. The stock was up after the company announced a 20% hike to its quarterly dividend and an $18 billion share repurchase plan. Boeing will now pay out $1.71 a share, up from $1.42. Meanwhile, shares of the Walt Disney Co. were in focus after rival Comcast Corp. announced that it was no longer pursuing the purchase of entertainment assets from Twenty-First Century Fox Inc. . A deal between Disney and Fox could be announced on Thursday, CNBC reported.

Wondering what you missed while you were sleeping? Here's what you need to get up to speed on your way to work: 1. Brent crude prices surged to the highest levels in more than two and a half years. 2. Comcast is reportedly no longer pursuing key Twenty-First Century Fox media assets. 3. Boeing rose pre-market after saying it would boost its quarterly dividend by 20%. 4. Bitcoin futures volumes plummet after an SEC warning. 5. Futures point to a mixed start as the Federal Reserve prepares to begin its 2-day meeting. Watch More with TheStreet: Bitcoin Is a Gamble More Than an Investment, Cramer Says December Trading Strategies: Keep Your Portfolio Merry This Holiday Season It 'Would Be Crazy' Not to Own Alphabet, Cramer Says Southwest Airlines CEO Gary Kelly on When Airlines Might Accept Bitcoin

U.S. equities were higher to close the week. The S&P 500 closed at a record high as did the Dow after climbing by more than 100 points. The Nasdaq also closed in the green. Shares of Caterpillar Inc. were slightly higher despite admitting in court documents that one of its heavy machinery units cheated customers by performing unnecessary repairs to their railcars. The unit pleaded guilty to dumping brake shoes and other parts into the ocean to hide evidence and will pay a $5 million criminal fine as well as $20 million in restitution. Oil prices were higher as Baker Hughes reported a small increase in the number of active drilling rigs. Two oil rigs were brought online for a total of 751. Gas rigs, meanwhile, remained unchanged at 180.

U.S. stocks were trading higher following a stronger-than-expected jobs report. All three U.S. benchmark indexes in the green. U.S. non-farm payrolls rose by 228,000 in November and the unemployment remained the unchanged at 4.1%. Analysts were expecting the economy to add 190,000 jobs in the month. Shares of American Outdoor Brands Corp. tanked after the company slashed its revenue forecast. The maker of Smith & Wesson firearms lowered its full-year guidance to between $650 million and $675 million, down from its previous outlook between $700 million and $740 million.