The benchmark S&P 500 shot up briefly into positive territory before falling back into the red as Republicans pulled the legislation due to a shortage of votes
just before the markets closed, leaving investors to assess how the healthcare bill’s failure would affect President Donald Trump’s broader economic agenda.
The S&P 500 posted 19 new 52-week highs and three new lows; the Nasdaq Composite recorded 58 new highs and 40 new lows.
The Dow Jones Industrial Average fell 59.86 points, or 0.29 percent, to end at 20,596.72, the S&P 500 lost 1.98 points, or 0.08 percent, to 2,343.98
and the Nasdaq Composite added 11.05 points, or 0.19 percent, to 5,828.74.
Investors had worried earlier this week that the failure of the bill, which would have dismantled the law known as Obamacare,
would prove an ominous sign for Trump’s ability to push through his economic agenda, including tax reform.
Peter Kenny said that This is now an indication that the president’s agenda is probably going to be more ambitious than Congress can manage,