(CNBC) U. S. equities closed mixed Friday after a choppy trading session with NBC News reporting the House pulled a key health-care bill. “I think you will have a rally if he pulls the bill. He didn’t have the votes to get it…
(CNBC) U. S. equities closed mixed Friday after a choppy trading session with NBC News reporting the House pulled a key health-care bill.
“I think you will have a rally if he pulls the bill. He didn’t have the votes to get it done,” said Art Cashin, director of floor operations at the NYSE for UBS. “They’ll now move on to tax reform. at least that’s what the market will believe and the market will move on.”
The Dow Jones industrial average, which had traded more than 100 points lower earlier in the session, closed about 60 points lower. The 30-stock index had also traded positive Friday.
Art Hogan, chief market strategist at Wunderlich Securities said the market had not spiraled lower earlier in the session because Trump had been “clear that if this doesn’t get passed, they’ll move on.”
