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BI Africa  >  Finance

TRUMPCARE PASSES THE HOUSE: Here's what you need to know

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Stocks closed little changed after the American Health Care Act passed through the House of Representatives.

However, oil got smashed on Thursday amid a flood of bearish news.

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The S&P 500 and the Nasdaq ticked slightly into the green, while the Dow ticked slightly into the red.

First up, the scoreboard:

  • Dow:
  • S&P 500:
  • Nasdaq:
  • US 10-year yield:
  • WTI crude:
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1. The AHCA passed through the House of Representatives on Thursday, in a major win for President Donald Trump and House Speaker Paul Ryan.

In a scathing note sent out to clients on Thursday, a team of equity analysts at UBS maintained its "Sell" rating and $160 price target on the stock.

ADDITIONALLY:

Here are the major changes to the GOP healthcare bill.

A huge oil producer is ramping up production — but there's reason to remain cautious.

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DAVID BIANCO: "We're more likely to go to Mars" before the 10-year hits 4%.

Here's how badly Warren Buffett has crushed the market.

Warren Buffett brilliantly explains how bubbles are formed.

Here's how much it costs to get a haircut around the world.

The GOP healthcare bill could wreak havoc on employer insurance because of an obscure provision of Obamacare.

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There's an incredibly risky new way to bet on stocks.

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