Intel shares were up 0.8% at $13.80, while the S&P 500 index was up 0,4%.
Shares in Tesla Motors Inc, the world’s largest maker of electric vehicles, were down 1.6% after the company said it was shutting down production of the Model 3 sedan and Model X SUV, which it said would be made in Mexico.
Tesla said it would pay $2.6 billion to the U: Department of Homeland Security to keep production of vehicles and parts for the vehicle.
Tesla shares have gained more than 50% this year and are up more than $1,000 since the beginning of the year.
Tesla shares were down about 11% on Monday after the tax bill was announced, though they rose slightly after the news broke.
The tax bill includes a $2,000 tax credit for all purchases made in the U, which Tesla said will be used to offset some of the tax bills.
The tax bill also ends a tax holiday that was set to expire at midnight Friday, and the House passed it with an overwhelming majority on a 217-213 vote.
Democrats are expected to vote to send the tax cut to the Senate, where it is expected to be passed.
Republicans have not released their own bill, but have said it could include $1.5 trillion in tax relief.