New York — The dollar stumbled on Tuesday and US Treasury yields fell after a fresh setback to US President Donald Trump’s domestic agenda, while a mixed batch of earnings reports left US and European stock indexes lower. The collapse of his fellow Republicans’ push to repeal and replace Obamacare with their own healthcare bill in the US Senate again raised doubts in financial markets about Trump’s ability to enact tax cuts and infrastructure spending. The dollar fell 0.6% against a basket of key currencies, setting a 10-month low and extending its 2017 decline to more than 7%. "It pushes out the rest of the agenda. It’s hard to do a tax reform in the style that it was campaigned on," said Art Hogan, chief market strategist at Wunderlich Securities in New York. "The healthcare hurdle pushes everything in Trump’s agenda to 2018." The Dow Jones Industrial Average fell 94.98 points, or 0.44%, to 21,534.74, the S&P 500 lost 2.55 points, or 0.10%, to 2,456.59. The Nasdaq Composite added ...
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