UnitedHealth's stock is a more than 400-point drag on Dow
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Look past the controversy of Dow Jones member UnitedHealth over denied claims and high premiums, and you find a stock that trades at the whim of government.
Major equities indexes advanced Wednesday, with the S&P 500 crossing the 7000 level for the first time, ahead of the Federal Reserve's decision on interest rates and earnings results from several Magnificent Seven tech companies.
NASDAQ climbed above the resistance at 25,800 – 25,850 amid rising demand for tech stocks. Traders prepare for big tech earnings reports, which will be released this week. If NASDAQ climbs above the 26,000 level, it will move towards the next resistance, which is located in the 26,250 – 26,300 range.
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The Stock Market's $7.8 Trillion Warning Shows Investors' Actions Speak Louder Than Their Words
The popularity of one asset class may portend trouble for Wall Street.
The Dow Jones Industrial Average missed out on a stock market rally Tuesday thanks in large part to one very influential component of the 30-stock index.
From the technical point of view, SP500 made an attempt to settle above the resistance at 6990 – 7000 but lost momentum and pulled back. In case SP500 declines below the 6970 level, it will head towards the nearest support, which is located in the 6940 – 6950 range.
U.S. Stock Market today is set to open in green as several pivotal factors are likely to drive S&P 500, Dow Jones, and Nasdaq.
Stocks rose on Thursday, extending their gains from the previous session after easing geopolitical fears sparked a broad-based market rally.
Tuesday's selloff in health-insurance stocks is on course to erase nearly $92 billion in market value, according to Dow Jones Market