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S&P 500 Nears Record. UnitedHealth Drags on the Dow.
The S&P 500 began Tuesday’s session on track for a fifth day of gains, but UnitedHealth Group dragged down the Dow Jones Industrial Average.
The S&P 500 was up 0.2%. The Nasdaq Composite was up 0.6%. The Dow Jones Industrial Average fell 400 points, or 0.8%.
“Following last night’s announcement that the U.S. government proposed a much lower-than-expected payment increase of just 0.09% for Medicare Advantage plans in 2027, coupled with a tepid revenue outlook for the year ahead, shares of UnitedHealth Group (UNH) and many of its peer stocks are down sharply,” writes Bespoke Investment Group co-founder Paul Hickey.
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