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Stocks Under Pressure as Investors Digest 'No Vote' on Health Care

Global markets are selling off as concerns mount that President Trump will not be able to pursue his agenda.
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Global markets are selling off as concerns mount that President Donald Trump will not be able to pursue his agenda. Voting on the health-care bill was pulled Friday, sending stocks on a wild ride, capping what was the worst week of the year for the U.S. stock market. Investors fear no health-care overhaul will mean tax reform will be delayed, although the head of the House Ways and Means committee told FOX News over the weekend that a tax reform proposal will be introduced in the spring. The Dow Jones Industrial Average has been down for seven straight sessions.

OPEC is considering extending the oil production cut for another six months. The oil-producing nations implemented the output cut at the beginning of the year, but the cut has done little to lift oil prices. Uber has suspended its self-driving car program. It made the announcement after an accident in Arizona. Neal Gorsuch is scheduled to get a hearing in a Senate Committee today as he seeks a position on the Supreme Court.

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