Key Takeaways
- U.S. equities dropped at midday following the latest data on consumer sentiment and a report that UnitedHealth Group is under a federal probe.
- UnitedHealth Group is said to be facing a Department of Justice probe of its Medicare billing practices.
- Strong demand for international travel boosted profit and sales at Booking Holdings.
U.S. equities tumbled at midday, dragged down by a weaker-than-expected report on consumer sentiment and concerns about UnitedHealth Group (UNH). The 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average, 澳洲幸运5官方开奖结果体彩网:S&P 500, and Nasdaq all dropped.
UnitedHealth Group was the worst-performing stock in the Dow following a report that the Departme🐬nt of Justice is investigating the health insurer for its Medicare billing practices.
Shares of Rivian Automotive (RIVN) declined when the electric vehicle maker's outloജok for 2025 deliveries fell below estimates as the sector faces ma🐟croeconomic challenges.
Block (XYZ) shares 🌺slid when the firm behind Square and Cash App reported earnings, revenue, and guidance that were sho൩rt of estimates on slowing consumer spending.
Booking Holdings (BKNG) shares rose as the online travel site exceeded profit and sales forecasts on strong consumer demand for 𒆙international trips.
Shares of Celsius Holdings (CELH) soared when the maꦰker of energy drinks purchased functional beverage and wellness products provider Alani Nu for a net price of $1.65 billion, and also reported better-than-anticipated revenue.
Kenvue (KVUE) shares climbed on speculation the maker of Tylenol and o🔜ther health products may be a takeover tar🔥get.
Oil and gold futures fell. The yield on the 10-year Treasury note slid. The U.S. dollar advanced on the euro and pound, but lost ground to the yen. Bitcoin slipped but prices for most major cryptocurrencies were higher.
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