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March 22, 2017

Dow drops 237 points

By MARLEY JAY
AP Markets Writer

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

Banks plunged as bond yields continued to fall, which will mean lower interest rates on loans. Transportation companies including airlines, railroads and rental car companies dropped, and so did materials companies like steel and chemicals 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.


 
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