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Wall Street opens lower as 'Trump trade' stalls

Failed healthcare bill raises questions on Trump's ability to deliver on ambitious economic agenda

Photo: Reuters

A souvenir license plate is seen outside the New York Stock Exchange in Manhattan, New York. Photo: Reuters

Reuters

US stocks opened lower on Monday, weighed down by banks stocks as the "Trump trade" appeared to unravel after a failed healthcare bill raised questions about President Donald Trump's ability to deliver on his ambitious economic agenda.

The Dow Jones Industrial Average was down 169.94 points, or 0.83 per cent, at 20,426.78, the S&P 500 was down 20.34 points, or 0.867755 per cent, at 2,323.64 and the Nasdaq composite was down 53.70 points, or 0.92 per cent, at 5,775.04.

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First Published: Mar 27 2017 | 7:52 PM IST

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