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21:05 GMT
NEW YORK, March 21 (KUNA) -- Major US stocks closed today with their biggest one-day losses in five-months.
After high-performances since the election, major US stocks closed lower after reports that the health-care reform was getting stalled in congress. This action could further delay the next steps towards taxes and infrastructure spending as promised by US President Donald Trump.
Dow Jones Industrial Average (DJIA) opened at 20,956.33, and dropped more than 235 points to settle at 20,668.08.
According to New York Stock Exchange (NYSE), the Standard and Poor's (S&P 500) opened at 2.379.32 and declined 29.45 points (or 1.24 percent). It closed at 2.344.02, the biggest one-day loss since October 2016.
The Nasdaq Composite Index also dropped 107.70 points (1.83 percent) closing at 5,793.82.
According to Market Watch Small-cap stocks-which are typically defined as ones with a market capitalization under USD 1 billion-were among the most popular trades in the wake of President Trump's election.
The report said as US stocks closed broadly lower on Tuesday, the biggest weakness on the day came in small and midcap companies, which are closely tied to the pace of economic growth. (end)
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