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US STOCKS-Wall St off lows as investors assess failed healthcare bill

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* Congress pulls healthcare bill on Friday * Bank stocks, dollar drop; gold hits one-month high * Goldman responsible for shaving 35 points off Dow * Indexes down: Dow 0.55 pct, S&P 0.43 pct, Nasdaq 0.32 pct (Adds details, comments, updates prices) By Yashaswini Swamynathan March 27 (Reuters) – U.S. stocks came off session lows lateMonday morning as investors picked up beaten-down stocks afterWall Street tumbled following the withdrawal of President DonaldTrump’s healthcare reform bill. However, the Dow is on track for an eight-day losing streakas the failed bill raised questions about Trump’s ability topush through with his economic agenda. Wall Street has rallied since November on bets that Trump’scampaign promises of tax cuts and deregulation would sailthrough a Congress controlled by Republicans. “This is the block in the Jenga game that at least topplespart of the tower, but it’s not to say that the game is over,”said Robert Pavlik, chief market strategist at Boston PrivateWealth. “I think a pullback to 2,273 on the S&P 500, which is the100-day moving average, is likely but it will not stay there. Ithink people will use this as a buying opportunity.” At 11:05 a.m. ET (1505 GMT), the Dow Jones IndustrialAverage was down 114.27 points, or 0.55 percent, at20,482.45, the S&P 500 was down 9.99 points, or 0.43percent, at 2,333.99 and the Nasdaq Composite was down18.86 points, or 0.32 percent, at 5,809.88. Financial stocks, which were the biggest beneficiaries ofthe post-election rally, were the worst hit. Bank of America was down 1.8 percent and Morgan Stanley 3.7percent. Goldman Sachs fell 2.3 percent, shaving 35 points offthe Dow. The S&P 500 financial index was down 1.2percent, far underperforming the other nine losers among themajor S&P sectors. Shares of hospital operators, including HCA Holdingsand Tenet Healthcare, rose on Monday, helping the S&P500 healthcare sector to gain 0.2 percent. The dollar, which had found favor on the possibility of taxcuts and higher infrastructure spending, hit its lowest sinceNov. 11, while prices of safe-haven gold shot up to one-monthhighs. DuPont was up 0.7 percent and was the top stock onthe Dow Jones Industrial Average after European regulatorscleared its proposed merger with Dow Chemical. DowChemical was up 0.6 percent. Declining issues outnumbered advancers on the NYSE by 1,846to 969. On the Nasdaq, 1,684 issues fell and 984 advanced. The S&P 500 index showed seven 52-week highs and six lows,while the Nasdaq recorded 28 new highs and 43 new lows. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing byAnil D’Silva)

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