(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

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Indexes: Dow down 0.17%, S&P 500 down 0.14%, Nasdaq up

0.15%

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Bill passes in 215-214 vote, sent to US Senate

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30-year Treasury yield at fresh 19-month high

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Snowflake shines after raising revenue forecast

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Solar stocks fall on fears of green-energy subsidies

ending

(Updates after markets open)

By Shashwat Chauhan and Kanchana Chakravarty

May 22 (Reuters) - The benchmark S&P 500 edged lower in

choppy trading on Thursday after the U.S. House of

Representatives voted to pass President Donald Trump's tax bill,

which is expected to burden the country with trillions of

dollars in extra debt, by a razor-thin margin.

If what Trump has described as a "big, beautiful bill"

becomes law, it is expected to add about $3.8 trillion to the

federal government's $36.2 trillion debt in the next decade,

according to the nonpartisan Congressional Budget Office.

The bill now faces a test in the Republican-controlled

Senate and will fulfill much of Trump's populist agenda if

passed, delivering new tax breaks on tips and car loans and

boosting military expenditure.

"For all that the government has been trying to reduce

government spending and the overall debt level, it seems that

this bill is basically going to undo all that they have done,"

said Sam Stovall, chief investment strategist at CFRA Research.

At 09:49 a.m. ET, the Dow Jones Industrial Average

fell 72.70 points, or 0.17%, to 41,790.95, the S&P 500

lost 8.11 points, or 0.14%, to 5,836.38, and the Nasdaq

Composite gained 28.91 points, or 0.15%, to 18,901.55.

Nine of the 11 S&P sub-sectors traded lower, with

utilities and energy among top decliners and

down more than 1% each.

Longer-dated Treasury yields stayed near their multi-month

highs, with those on the 10-year benchmark at 4.606%

and the 30-year Treasury yield at a new 19-month

high.

Most megacap and growth stocks inched higher, though

Alphabet outpaced the pack with a 3.4% rise.

Shares of solar energy companies including First Solar ( FSLR )

dropped 4.1% as Trump's tax bill is expected to end a

number of green-energy subsidies.

Snowflake jumped 9% after the cloud computing firm

raised its fiscal-year 2026 product revenue forecast.

All three main stock indexes had witnessed their biggest

single-day percentage drops in a month on Wednesday as Treasury

yields spiked on worries about mounting U.S. debt.

U.S. stocks have had a solid month so far, with the S&P 500

climbing more than 15% from its April lows, when Trump's

reciprocal tariffs roiled global markets.

A pause in tariffs, a temporary U.S.-China trade truce and

tame inflation data have pushed equities higher, although the

S&P 500 is still about 3% off record highs.

Fed Governor Christopher Waller said in an interview to Fox

Business that central bank rate cuts would be on the menu if the

Trump administration's tariff agenda settles on the lower side

of the ledger.

Traders currently see at least two 25-basis-point rate cuts

by the end of the year, according to data compiled by LSEG.

On the data front, U.S. business activity picked up in May,

while separate data showed jobless claims dropped last week,

suggesting that the economy maintained a steady pace of

employment growth.

Declining issues outnumbered advancers by a 3.3-to-1

ratio on the NYSE and by a 1.82-to-1 ratio on the Nasdaq.

The S&P 500 posted no new 52-week highs and nine new

lows, while the Nasdaq Composite recorded 20 new highs and 59

new lows.