U.S. stocks fell Monday, putting the Dow Jones Industrial Average on track for its longest losing streak since 2011 as doubts mounted about the Trump administration's ability to deliver on pro-business policies. Government bonds and gold strengthened, while the dollar fell as some investors said political uncertainty was deflating a post-election rally that pushed the Dow to record highs earlier this month. On Friday afternoon, House Republican leaders abandoned a bill to repeal Obamacare amid a lack of support, raising doubts about the likely success of other complex legislative efforts, including a tax overhaul and infrastructure spending. If the Dow closes lower Monday, it would mark the eighth straight declining session. The last time the blue-chip index fell for eight consecutive days was in late July and early August 2011. Financial shares were the biggest decliners in the S&P 500 Monday, falling 0.9%. Some health-care stocks rose after it became clear that the Affordable Care Act was staying in place for now. Bucking the trend for commodities was the U.S. gold price which rose 0.9% to 1,253.80 US$/oz.
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