U.S. stocks flirted with sharp losses but managed a mixed finish after Republicans canceled a vote on their health care bill because it became clear the bill would fail. For the second day in a row, stocks started higher and wilted as it became clear the health care bill was in trouble. The health care act became something of a proxy for the rest of the Trump agenda and it dominated the market for most of this week. A corporate tax cut could give stocks a large boost by increasing profits, and it might also raise tax revenue. The American Health Care Act would likely have left more Americans uninsured and would make big changes to Medicaid, a joint federal-state health program for low-income Americans.

Source: ABC News March 24, 2017 14:23 UTC