What’s Wrong With the Dow? UnitedHealth Stock.
In true UnitedHealth fashion, the big health insurance stock was denying the Dow of a daily gain on Tuesday.
The Dow was down 160 points, or 0.4%, but UnitedHealth stock was shaving 382 points off the index on its own with a nearly 17% drop.
UnitedHealth is regularly a thorn in the Dow’s side due to the index’s antiquated weighting by stock price rather than market cap. UnitedHealth has had a stock price north of $600 this year, meaning it was at one point the index’s most important stock.
Latest News
- Ubisoft reports Q4 net bookings EUR 902.3M vs. EUR 872.7M last year
- I just inherited $100K and my fiancée says I’m being ‘stingy’ for refusing to spend it on a ‘dream’ wedding
- Stock market today: Dow, S&P 500 edge higher, Nasdaq slips with Walmart earnings, retail sales data in focus
- Walmart Becomes Biggest Retailer Yet to Pass Through Tariff Price Increases
- Teva Pharmaceutical Industries Limited (TEVA): A Bull Case Theory
- Bain Capital exits Insignia Financial takeover pursuit