The S&P 500 cut earlier losses to end slightly lower, while the Dow declined for an eighth straight session, as investors assessed how the defeat of President Donald Trump's first major legislative action would impact the rest of his agenda. Fred Katayama reports.
Wall Street ended mixed, with investors trying to asses how the defeat of President Donald Trump's first major bill would impact the rest of his agenda. Jane Barratt, Founder and CEO of an investment firm GoldBean: (SOUNDBITE) JANE BARRATT, FOUNDER & CEO, GOLDBEAN, (ENGLISH) SAYING: "Everyone has been looking at a couple of big things - regulatory rollback, infrastructure investment, and real, systemic change like healthcare reform. And, I think, Friday was the first big test, and, even with lack of success, there is still a lot of positive sentiment around what the regulatory changes can bring and infrastructure investment. There is still a lot of positivity in the economy." Financials and telecom stocks led the declines. Healthcare stocks climbed, helped by hospital shares after the healthcare bill's failure. Snap shares jumped after several of its IPO underwriters gave it "buy" ratings. European stocks fell also taking a beating from Trump's failure to pass his healthcare bill.