US Markets: DJIA Drops 408 Points; S&P 500 Reaches Record Closing High; Health Insurance Stocks Tumble
Market Reactions: The US stock market showed mixed results, with the DJIA dropping 408 points due to a significant decline in UnitedHealth shares, while the Nasdaq and S&P 500 saw gains ahead of tech earnings announcements.
Medicare Advantage Plan Impact: A proposed 0.09% increase in Medicare Advantage Plan payments led to a sharp decline in health insurance stocks, with Humana and CVS Health experiencing significant losses.
Tech Stock Performance: Major tech companies like Apple and Microsoft saw their stock prices rise, with anticipation building for upcoming earnings reports from Meta, Microsoft, Tesla, and Apple.
Economic Indicators: The Core PCE Price Index for October remained stable at 0.2%, indicating no change from the previous period.
Trade with 70% Backtested Accuracy
About the author






