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US stocks drop amid health care reform, debt concerns

Tue Mar 23 02:15:08 EST 2010
Mon Mar 22 15:15:08 UTC 2010

US stocks have fallen .. as investors digested key passage of landmark US health care reform .. and worried about the Greek debt crisis and its impact on the global economic recovery.

The Dow Jones dropped 23.50 points .. or 0.22 per cent .. to 10,718.48 in early trades.

The tech-rich Nasdaq slid 9.42 points .. or 0.40 per cent .. to 2,364.99 .. while the Standard & Poor's lost 4.72 points .. or 0.41 per cent .. at 1,155.18.

In a cliffhanger vote late yesterday .. the Democrat-held House of Representatives voted 219-212 to approve a historic health overhaul .. in the most sweeping social policy shift in four decades.

The vote hands President BARACK OBAMA the biggest triumph of his presidency .. and he's expected to sign the bill into law within days.

AAP RTV tr/psm/