Politics
How do you think Trump did this week? Let us know

JPMorgan Chase & Co.

Stocks have their worst day of the year

Stocks have their worst day of the year

U.S. stocks took their biggest loss in five months Tuesday as a healthcare bill backed by President Trump ran into trouble in Congress, which raised some questions about his agenda of faster economic growth spurred by lower taxes and cuts in regulations.

Banks plunged as bond yields continued to fall. Transportation companies including airlines, railroads and rental car companies dropped, and so did materials companies such as steel and chemical makers. The dollar weakened. Small-company stocks, which stand to benefit the most from Trump's policy proposals of lower taxes and looser regulations, fell more than the rest of the market.

“President Trump promised that this...

58°