{"id":25249,"date":"2017-03-27T12:07:58","date_gmt":"2017-03-27T12:07:58","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=25249"},"modified":"2017-03-27T12:07:58","modified_gmt":"2017-03-27T12:07:58","slug":"u-s-stock-futures-hit-six-week-low-failed-healthcare-bill","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/u-s-stock-futures-hit-six-week-low-failed-healthcare-bill.html","title":{"rendered":"U.S. stock futures hit six-week low on failed healthcare bill"},"content":{"rendered":"<p style=\"text-align: justify;\">\n\t<span style=\"font-size:22px;\"><strong><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">U.S. stock futures hit six-week low on failed healthcare bill<\/span><\/span><\/strong><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">U.S. stock futures hit six-week low on failed healthcare bill:- U.S. stock index futures hit six-week lows on Monday after President Donald Trump failed to push through his healthcare bill, raising concerns about his ability to deliver on his economic agenda.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">A Congress controlled by Trump&#39;s Republican party on Friday pulled a bill to overhaul the Affordable Care Act or Obamacare, in a stunning setback for the President&#39;s first major legislative move since taking office.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Investors took up defensive positions as the so-called &quot;Trumpflation trade&quot; looked to unravel. The dollar, which had found favor on the possibility of tax cuts and higher infrastructure spending, hit its lowest since Nov. 11, while prices of safe haven gold shot up to one-month highs.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Banks, which had outperformed in the post-election rally on bets of simpler regulations and higher inflation, were down more than 1 percent premarket on Monday.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Still, the drop in futures appeared to be kept in check on Trump&#39;s comment to turn his attention to getting &quot;big tax cuts&quot; through Congress.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Investors will look forward to comments from Chicago Federal Reserve President Charles Evans and his Dallas counterpart Robert Kaplan for clues on the timing of the next interest rate hike.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Fed Chair Janet Yellen is scheduled to speak at a conference on Tuesday in Washington.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Snap Inc (SNAP.N) was up 4.7 percent at $23.80 in premarket trading on Monday after multiple brokerages began coverage on the owner of Snapchat after the blackout period for its IPO underwriters ended.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Amazon.com (AMZN.O) was off 0.96 percent at $837.50 after Dubai&#39;s Emaar Malls EMAA.DU made an $800 million offer for online retailer Souq.com. Amazon has agreed in principle to buy Souq, according to sources.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Steel stocks, including AK Steel (AKS.N) and United States Steel (X.N) were down about 4 percent.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<font color=\"#000000\" face=\"arial, helvetica, sans-serif\">Source:-&nbsp;http:\/\/www.reuters.com\/article\/us-usa-stocks-idUSKBN16Y194<\/font><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/u-s-stock-futures-hit-six-week-low-failed-healthcare-bill.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>U.S. stock futures hit six-week low on failed healthcare bill U.S. stock futures hit six-week low on failed healthcare bill:- U.S. stock index futures hit six-week lows on Monday after President Donald Trump failed to push through his healthcare bill, raising concerns about his ability to deliver on his economic [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":25250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[13143,837,6898,12877,15748,3299],"class_list":["post-25249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-charles-s-evans","tag-donald-trump","tag-janet-yellen","tag-robert-kaplan","tag-u-s-stock-futures-hit-six-week-low-on-failed-healthcare-bill","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/25249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=25249"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/25249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/25250"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=25249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=25249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=25249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}