Dow is attempting to bounce back on Wednesday. Thank UnitedHealth and Nvidia.
The Dow Jones Industrial Average on Wednesday was attempting to recover from its longest losing streak in nearly half a century, buoyed by a rebound in shares of UnitedHealth Group Inc. and Nvidia Corp.
Nvidia was the best performer among the blue-chip index’s 30 stocks on Wednesday morning, up 3.6% after landing back in correction territory earlier this week, stoking worries about whether the AI trade might be running out of steam.
Shares of UnitedHealth Group were also rising on Wednesday, up over 3%. MarketWatch reported that shares of the health insurer contributed about 750 points to the Dow’s 1,564-point drop over the past nine trading sessions.