US shares, dollar pare losses after Healthcare Bill pulled

US shares pared losses to end slightly lower on Friday after Republicans pulled their bill to overhaul the US healthcare system due to a shortage of votes, dealing a blow to US President Donald Trump, while European shares fell ahead of the decision.

The benchmark US S&P 500 stock index ended a touch lower after falling as much as 0.4 percent earlier, before a House Republican leadership aide said the bill to dismantle Obamacare had been pulled by US House Republican leadership. 

European stocks slipped as caution prevailed ahead of the decision, with the FTSEurofirst 300 index of top European shares falling about 0.5 percent for the week.

MSCI's all-country world equity index was last up 0.24 point, or 0.05 percent, at 447.72. 

The Dow Jones Industrial Average closed down 59.86 points, or 0.29 percent, at 20,596.72. 

The S&P 500 closed down 1.98 points, or 0.08 percent, at 2,343.98. The Nasdaq Composite ended 11.05 points higher, or 0.19 percent, at 5,828.74.

The US dollar index, which measures the greenback against a basket of six major rivals, hit a seven-week low of 99.527 before the healthcare decision but pared losses after the announcement and was last marginally higher at 99.765

Oil rose modestly in a spate of late-day activity, but fell on the week as concerns persisted over an excess of crude. Brent crude settled up 24 cents, or 0.47 percent, at USD 50.80 a barrel. US crude settled up 27 cents, or 0.57 percent, at USD 47.97.

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