Health Vote Delay Sinks Early Stock Rally

Major indexes slip down
By Newser Editors and Wire Services
Posted Mar 23, 2017 3:16 PM CDT
Trader Gregory Rowe, center, and specialist Philip Finale, right, work on the floor of the New York Stock Exchange, Wednesday, March 22, 2017.   (AP Photo/Richard Drew)

(Newser) – An early rally evaporated on Wall Street and left indexes slightly lower after a vote on the Republican-backed health care bill was delayed, the AP reports. Investors worry that the setback Thursday will mean a longer wait for business-friendly policies like tax cuts. Health care and energy stocks fell. Centene fell 4% and Baker Hughes lost 2.3%. Google's parent company, Alphabet, fell 1% after several major companies said they will stop advertising on YouTube because their ads were appearing alongside offensive videos. The Standard & Poor's 500 index fell 2 points, or 0.1%, to 2,345. The Dow Jones industrial average lost 4 points, less than 0.1%, to 20,656. The Nasdaq composite slid 4 points, or 0.1%, to 5,817. Small-company stocks rose. (Read more stock market stories.)

My Take on This Story
Show results without voting  |