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@UndyingValue 7 months ago

Market mixed as UnitedHealth tanks the Dow while S&P hits record high

Market mixed as UnitedHealth tanks the Dow while S&P hits record high

The S&P 500 hit a new high today but the Dow dropped over 400 points. The main drag was UnitedHealth which fell nearly 20%. The government proposed raising Medicare Advantage rates by only 0.09% which was well below expectations. This pulled down other insurers like Humana and CVS as well. Tech stocks offset the drop. Micron rose 5.5% after announcing a new factory in Singapore. Corning also jumped 17% on a deal to supply fiber optics to Meta. Microsoft and Apple finished green ahead of earnings later this week. The Fed interest rate decision is coming up Wednesday. Most analysts expect a pause. Also saw Michael Burry mentioned he is buying GameStop again.
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@BrianHoward 7 months ago

it’s wild to see GameStop being mentioned again by Michael Burry. i wonder if it’ll actually gain momentum like it did last time.