New Delhi, May 22 -- US stock indices were drifting on Thursday after the House of Representatives cleared President Donald Trump's tax bill.

The House approved the bill early on Thursday that would cut taxes and is expected to burden the US with trillions of dollars of debt.

As of 12:53 PM Eastern time, the S&P 500 rose 0.1%, the Dow Jones Industrial Average was up 0.1%, and the Nasdaq Composite was 0.5% higher.

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.

At the opening bell, the Dow Jones Industrial Average fell 96.8 points, or 0.23%, to 41763.68. The S&P 500 fel...