>> A mostly negative day for Wall Street Monday. The loss is just big enough to bring down the down for an eighth consecutive day. It's longest losing streak in six years. I'm Conway Gittens in New York. The failure of Republicans to push through healthcare reform is still hanging over investors.
Who are now rethinking all of the optimism they had about a GOP-controlled capital providing a boost to corporate profits.>> Only four of the major sectors covered in the S&P were higher by the end of the session. And just barely, for that matter. Materials, industrials, tech, and health.
Investors in hospital operators showing relief that millions of Americans who became paying customers under the Affordable Care Act won't lose their insurance. HCA holdings and Universal Health Services both topping the S&P 500 gainer's list. But there wasn't much else to cheer about out there beyond that. WageWorks, an employee benefit manager, slumped.
Its shares had run up 25% since election day as investors but the company would see a cash windfall from whatever plan replaced Obamacare. But with healthcare now on the back burner, the stock suffered its biggest drop in more than a year.