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Wall Street ends flat as health bill passes; energy slammed

Wall Street ended flat on Thursday as a steep fall for the energy sector countered some solid earnings reports, with major stock indexes closing little changed after the US House of Representatives passed a healthcare overhaul.

The benchmark S&P 500 has gained 11.7 percent since Trump's election, fueled by his plans for tax cuts, infrastructure spending and deregulation.

The Dow Jones Industrial Average fell 6.43 points, or 0.03 percent, to 20,951.47, the S&P 500 gained 1.39 points, or 0.06 percent, to 2,389.52 and the Nasdaq Composite added 2.79 points, or 0.05 percent, to 6,075.34.

The energy sector dropped 1.9 percent, easily the worst performing group. Exxon Mobil's 1.3-percent decline and Chevron's 1.8-percent drop weighed on the S&P.

Oil prices tumbled about 5 percent on signs that OPEC and other producing countries would not take more drastic steps to reduce the world's stubbornly persistent glut of crude.

The S&P 500 posted 49 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 104 new highs and 77 new lows.

About 7.8 billion shares changed hands in US exchanges, well above the 6.6 billion daily average over the last 20 sessions.
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