Dow index drops 0.64% as UnitedHealth Group shares plunge 18% after guidance suspension

The Headline

Market reactions to UnitedHealth's guidance suspension

"We’re not ready to call it a turning point,"

Lale Akoner

eToro Global Market analyst

Key Facts

UnitedHealth Group shares plunged almost 18% after the health insurer suspended its guidance due to rising costs.
The Dow index fell 0.64%, or 269.67 points, to 42,140.43, primarily due to a 17.79% slump in UnitedHealth Group shares.
U.S. equities advanced with the Nasdaq extending gains after April’s consumer price index (CPI) came in below expectations.1
U.S. and China agreed to a 90-day pause on reciprocal tariffs, reducing U.S. duties on Chinese imports to 30% and Chinese tariffs to 10%.1
S&P 500 rose 0.72%, or 42.36 points, to 5,886.55, indicating a mixed performance in the stock market.
Nasdaq added 1.61%, or 301.74 points, to 19,010.09, reflecting positive sentiment in tech stocks.

Key Stats at a Glance

Dow index drop

269.67 points

Percentage drop in UnitedHealth Group shares

17.79%

S&P 500 rise

42.36 points

Nasdaq rise

301.74 points

Key Facts

Inflation concerns have been a significant factor affecting market performance, with a narrower measure excluding food and energy remaining unchanged.
Market sentiment remains cautious despite some positive indicators, as analysts warn against premature optimism.

Key Stats at a Glance

U.S. duties on Chinese imports

30%

Chinese tariffs

10%