Stocks Take a Hit After Health Care Overhaul Falters -<br />By PRASHANT S. RAOMARCH 27, 2017<br />Stock markets slumped on Monday, the first full day of trading after President Trump’s efforts at health care reform fell short, an apparent sign to investors<br />that hopes of tax reform and financial stimulus may be in doubt.<br />“The U. S. market had already started to weaken over the last month over concerns about the U. S. administration, and the reform agenda<br />that they had,” said Graham Secker, a London-based equities strategist at Morgan Stanley.<br />But the collapse on Friday of a health care bill — a legislative priority<br />that not only dominated much of President Trump’s first two months in office, but also much of his election campaign — has cast uncertainty on the other parts of his agenda.<br />Buoyed by the promise of both houses of Congress and the White House being in Republican control, the stock market had been on a monthslong rally as investors anticipated measures on regulations and taxes<br />that would be friendly to business, coupled with hefty spending on infrastructure.<br />Congressional Republicans have already started discussing scaling back ambitious tax reform plans.
