>> Stock markets tip toeing Thursday after days of jitters as investors watch Washington wrangle over healthcare overhaul. But there could more market downside coming if it turns out President Donald Trump can't seal this deal, putting his bigger plans for stimulus and taxes at risk. With a vote in the house planned for Thursday now delayed until Friday at best, stocks gave up all the days gains.
I'm Conway Gittens in New York. Wall Street getting a wake-up call earlier this week in a form of a stock market drop not seen since before the presidential elections. Now Wall Street is worried that the 10% run up in stocks since Trump's win could vanish if Trump can't convince his own party to coalesce behind a fix for healthcare.
Wall Street watchers say the fight over repealing and replacing Obamacare, something the Republicans have pledged to do for years, is exposing a rift within the GOP that could threaten what investors really want out of Washington, profit-boosting tax cuts and infrastructure spending. One thing helping to soften the blow, Main Street.
Higher home prices and rising mortgage rates not preventing a surge in February new home sales. That's a sign the economy continues to gather strength despite the gridlock in Washington.