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

(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.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.