News about the bill's collapse sent the US dollar to a 10-month low against a basket of major currencies.
The Chicago Board Options Exchange (CBOE) saw 782,777 call contracts traded on Monday, compared to 489,244 put contracts.
On July 17, the S&P 500 started the day on a stronger note but closed flat at fresh all-time high levels.
Gridlock in Washington also captured investor attention during the session, as a Republican plan to repeal the Affordable Care Act, known as Obamacare, and replace it later was seemingly poised to collapse after at least three Senators said they couldn't support it. Earnings statements out of the US will likely be the main driver this week. Dollar Index (DXY) trading down 0.6% at 94.61.
Fund manager Blackrock ended in the red after it posted adjusted second quarter earnings per share of $5.24, falling short of the $5.41 analysts had pencilled in.
Matthews at the double in Tour de France
Dan Martin, meanwhile, lost more than 50 seconds to the leaders, rolling in nearly a minute adrift of Froome and friends. Both days are going to be absolutely crucial.
After the closing bell, Netflix (NFLX.O) shares jumped 8.5% following better than expected subscriber growth. The insurance giant reported revenue of $50.05 billion, which matched the consensus estimate, and raised its full-year adjusted earnings forecast to a range of $9.75 to $9.90 per share.
Global trade data showed the price to import and export goods declined in June. On Monday, decreased risk appetite was observed in the market.
In the markets, the Dow Jones was down over six at 21, 631, while the Nasdaq added around 2 at 6,314.
The Nasdaq is showing more signs of life - up 10.15 at 6,322. After catching a lift from Beijing's solid GDP number on Monday, resource stocks are giving back some recent gains amid Rio Tinto's freshly cut guidance for iron ore exports.
European markets closed mixed: London's FTSE rose 0.4 per cent, Paris lost 0.1 per cent and Frankfurt fell 0.4 per cent. Germany's DAX was 0.1 percent lower at 12,621.
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