The slide more than 19% of the Unitedhealth Group captures Dow Jones in Wall Street, pushing him to a day of historical underpass
The UnitedHealth Group slides Dow Jones in Wall Streetpushing it towards a day of historical under -efficiency, according to Bloomberg agency.
In particular, Dow Jones is falling more than 1% today, burdened by a dip over 19% of Unitedhealth, as the company reduced its annual forecasts and announced first -month profits below estimates. The S&P 500 wins over 0.3% and Nasdaq is fighting for the positive sign.
If this difference between the Dow and the S&P 500 at the end of the day “locks”, it will be an extremely rare deviation. The only day Dow closed with a drop of 1% or more, while the S&P 500 won at least 0.5% was in 1954, according to Bloomberg data.
“Although the basic indicators are generally moving in the same direction, today’s move is the rare case in which a high -gravitable Dow share makes an oversized move that creates divergence.”said Michael O’Rourke, a leader of Jonestrading strategic.
The Unitedhehealth Group has been the largest decline since 1999 after the announcement of first -quarter results that did not meet analysts’ expectations. The company also reduced its forecasts for the year’s profits. The decrease in forecasts is rare for Unitedhealth, which usually makes conservative forecasts and often increases its prospects.
This image is a great overthrow for Dow, who has better withstood the two other indicators this year’s market unrest. By Wednesday’s closure, Dow has dropped by 6.8% this year, compared to 10% of the S&P 500 and a 13% drop in Nasdaq.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.