Wall St. opens lower as Trump trade stalls

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U.S. stocks opened lower on Monday, weighed down by banks stocks as the "Trump trade" appeared to unravel after a failed healthcare bill raised questions about President Donald Trump's ability to deliver on his ambitious economic agenda.

The Dow Jones Industrial Average . DJI was down 169.94 points, or 0.83 percent, at 20,426.78, the S&P 500 . SPX was down 20.34 points, or 0.867755 percent, at 2,323.64 and the Nasdaq composite . IXIC was down 53.70 points, or 0.92 percent, at 5,775.04.

Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., March 21, 2017.

REUTERS/Lucas Jackson

Once golden, Robert Rubin's hedge fund proteges lose some luster BOSTON/NEW YORK Learning to invest on Goldman Sachs' risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund protégés who mastered their trade under the former Wall Street star and U.S. Treasury Secretary have stumbled in recent years.

Supreme Court rejects bid to revive $7.25 billion credit card settlement WASHINGTON The U.S. Supreme Court on Monday declined to hear a bid by retailers to revive a $7.25 billion antitrust settlement they reached with Visa Inc and Mastercard Inc over claims the card networks improperly fixed credit and debit card fees.

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