Key Takeaways
- U.S. equities were mixed at midday, with the Dow Jones Industrial Average and S&P 500 slightly higher and the Nasdaq marginally lower.
- UnitedHealth Group shares plunged on a report the health insurer is being investigated by the Department of Justice.
- Rising demand for artificial intelligence equipment boosted profit and sales at Cisco Systems.
U.S. equities were mixed at midday, with the Dow Jones Industrial Average and 澳洲幸运5官方开奖结果体彩网:S&P 500 slightly higher and the Nasdaq marginally lower.
UnitedHealth Group (UNH) was the worst-performing stock in the S&P 500 following a report that the Depar🦄tment of Justice was investigating the health insurer for possible Medicare fraud. Shares of rivals were down as well.
Walmart (WMT) shares declined when the biggest brick-and-mortar retailer missed revenue es🍒timates and CEO Doug McMillon said in 💟Thursday's earnings call that the retailer will be forced raise prices due to tariffs.
Shares of APA (APA) and other energy-related firms declined along with the price of oil after President Trump opened the door to a new ༒nuclear deal with Iran.
Cisco Systems (CSCO) shares advanced when the networking equipment maker posted better-than-expected results and raised its guidance on higher demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) products. The company also named a new CFO.
Shares of STERIS (STE) gained after the medical equipment manufacturer beat profit f🎃orecasts on improved efficiencies and strategic e𓆉xecution.
Deere & Company (DE) also pointed to disciplined ඣexecution for higher-than-anticipated earnings and revenue even as sales declined. Shares hit an all-time high.
Gold futures rose. The yield on the 10-year Treasury note slid. The U.S. dollar lost ground to the euro, pound, and yen. Most major cryptocurrencies traded lower.
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