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HomeMarket NewsUS Stock Market LIVE: Dow Jones falls 300 points on UnitedHealth plunge
US Stock Market LIVE: Wall Street is drifting between gains and losses Thursday (April 17) as UnitedHealth Group’s stock plunges toward its worst drop in more than a quarter century, while most of the rest of the US stock market ticks higher.
US Stock Market LIVE: Wall Street is drifting between gains and losses Thursday (April 17) as UnitedHealth Group’s stock plunges toward its worst drop in more than a quarter century, while most of the rest of the US stock market ticks higher. The S&P 500 was up 0.4% in its final day of trading in a holiday-shortened week. The Dow Jones Industrial Average was down 445 points, or 1.1%, as of 11:40 a.m. Eastern time, and the Nasdaq composite was 0.1% lower. UnitedHealth was the heaviest force dragging on the market, and its stock tumbled 22.6% toward its worst day since 1998. The health care giant reported profit and revenue for the latest quarter that fell short of analysts’ expectations, and it also slashed its forecast for financial results this year. It was surprised by how much care its Medicare Advantage customers were getting from doctors and outpatient services, which was above the company’s expectations.
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