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5/17/2017 8:04 pm  #1

Investors Lose Confidence in GOP

Stocks fall as investors fear for GOP agenda

United States stocks on Wednesday experienced their biggest losses since September.

The Dow Jones Industrial Average sank roughly 370 points on the day. The S&P 500 dropped 1.6 percent  while the Nasdaq fell 2 percent.

Wednesday’s drop was the largest for the Dow and S&P since September, after months of stable gains and few slumps under President Trump. Investors came into Trump presidency optimistic that he could work with Congress to pass tax reform, an infrastructure bill and financial deregulation.

That initial optimism appears to have faded as trouble passing healthcare reform delayed work on building a consensus around tax reform. Some investors say they’re losing confidence in President Trump and the GOP’s ability to execute its economic agenda.

"On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron.”

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