U.S. stocks fell on Tuesday, with major indexes nearing their lows of the session and the Nasdaq dropping more than 1%. The Dow Jones Industrial Average DJIA, -0.46% slid 47 points, or 0.2%, to 21,361. The S&P 500 SPX, -0.81% was down 11 points to 2,428, a decline of 0.5%. The Nasdaq Composite Index COMP, -1.61% sank 1.2% to 6,175, a decline of 73 points. The outsize drop in the Nasdaq was due to weakness in the technology sector, which led the day’s decline by falling 1.5%. Among the biggest drags in the index, Google parent Alphabet Inc. GOOGL, -2.47% fell 2% while Facebook FB, -1.93% lost 1.5%. Separately, Amazon.com Inc. AMZN, -1.73% lost 1.2%. Also impacting markets were Republicans in the U.S. Senate, who opted to postpone a vote on a controversial bill to replace Obamacare with a conservative alternative. Some investors have viewed health-care reform, a major legislative priority for President Donald Trump, as a symbol of how easily Trump can get his economic initiatives through Congress. As markets spiked following his election, in large part on expectations for his agenda, many analysts view getting his bills passed as necessary for justifying current valuations.
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