Markets Close Worst Week Since Election

Dow falls 59
By Newser Editors and Wire Services
Posted Mar 24, 2017 3:16 PM CDT
Markets Close Worst Week Since Election
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)

Stocks erased much of an afternoon loss and ended mixed after the Republican-backed health care reform bill was pulled because of a lack of support in Congress, the AP reports. The market still closed out its worst week since the election Friday. Several health care companies rose as the bill's prospects worsened throughout the day. Hospital operator Community Health Systems soared 9.7%. The Standard & Poor's 500 slipped 2 points, or 0.1%, to 2,343. The Dow Jones industrial average lost 59 points, or 0.3%, to 20,596. The Nasdaq gained 11 points, or 0.2%, to 5,828. More stocks fell than rose on the New York Stock Exchange. (More stock market stories.)

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