Stock indexes were mixed in choppy trading on Thursday as investors weighed progress in trade negotiations with Japan against concerns about the monetary policy outlook, while a slump in UnitedHealth’s shares weighed on the Dow. The Dow Jones Industrial Average tumbled 527 points, or 1.3%, to 39,142.23. The S&P 500 rose 0.1%, and the Nasdaq edged…
UnitedHealth (UNH) stock cratered just over 22% Thursday — its biggest single-day drop since August 1998 — after its first quarter earnings missed expectations and the company cut its full-year profit guidance. The health insurance giant now expects adjusted full-year profits to fall in a range between $26 and $26.50 per share, down from its…
By Sriparna Roy (Reuters) -UnitedHealth has traditionally been a company investors saw as reliable, having not missed earnings estimates since the 2008 global financial crisis. Until Thursday. The country’s largest insurer by market value fell far short of expectations with its quarterly earnings, leading to its worst one-day selloff in more than a quarter-century. Its…
UnitedHealth (UNH) is America’s largest private health insurer. That’s its biggest problem. The parent company, UnitedHealth Group, traded down nearly 20% Thursday morning after missing Wall Street estimates on both the top and bottom lines. The reason for the steep sell-off? Medicare Advantage. NYSE – Nasdaq Real Time Price • USD As of 12:10:27 PM…
By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) -Futures tied to the S&P 500 and the Nasdaq regained some ground on Thursday on the final trading day of the week, with focus on U.S.-Japan tariff talks, while UnitedHealth’s shares fell sharply following a forecast cut by the insurer. U.S. President Donald Trump said the country…
Photo: Spencer Platt (Getty Images) U.S. stocks plummeted on Friday on poor economic news. Consumer confidence weakened to the lowest level since November 2023, even as long-run inflation expectations rose to the highest since 1995. The services purchasing managers’ index fell into contractionary territory and January home sales contracted by more than expected. As the…
Wall Street’s main indexes were set for weekly declines on Friday, as fresh data painted a weak picture for the American economy, while UnitedHealth dropped after a report that the Justice Department is investigating the healthcare conglomerate. In afternoon trading, the Dow Jones Industrial Average slumped 704 points, or 1.6%, to 43,472. The S&P 500 dropped 1.4%, and the Nasdaq lost…
The Department of Justice has reportedly launched an investigation into UnitedHealth Group’s Medicare billing practices as scrutiny over the health insurance industry intensifies — sending the company’s stock plummeting. The probe is analyzing the company’s practice of frequently logging diagnoses that trigger larger payments to its Medicare Advantage plans, according to The Wall Street Journal….
(Reuters) -The U.S. Justice Department has launched an investigation into UnitedHealth’s Medicare billing practices in recent months, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the company fell nearly 10% in premarket trading. Shares of other health insurers also fell before the bell. NYSE – Nasdaq Real Time…
(Reuters) – Authorities have identified the man suspected of killing UnitedHealth executive Brian Thompson and are closing in on him, New York City Mayor Eric Adams was quoted as saying on Saturday by the New York Post. “The net is tightening,” Adams told reporters at a Police Athletic League holiday party in Harlem, according to…