Dow Jones Today: Stock Futures Mixed as Market Looks to Rebound from Selloff; UnitedHealth Plunges on News of DOJ Investigation

Stock futures are pointing to a mixed open for major U.S. indexes on Friday as a sharp decline in shares of UnitedHealth Group is set to weigh heavily on the Dow Jones Industrial Average.

Futures tied to the Dow were down 0.5% about an hour before the opening bell, while those linked to the S&P 500 and Nasdaq rose 0.1% and 0.4%, respectively. The major indexes closed lower on Thursday after two straight days of gains that boosted the S&P 500 to record highs.

UnitedHealth (UNH) shares were down 12% in premarket trading after the Wall Street Journal reported that the Department of Justice is investigating the health insurer’s billing practices. Shares of other insurers, including CVS Health (CVS), Humana (HUM), Cigna (CI) and Centene (CNC) also fell sharply.

Shares of large-cap technology companies were mostly higher this morning. Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Amazon (AMZN), Meta Platforms (META) and Tesla (TSLA) were all gaining ground, while Broadcom (AVGO) inched lower.

A handful of stocks were making big moves after the release of earnings reports. Cloud storage provider Dropbox (DBX) and fintech company Block (XYZ) were down 6% and 9%, respectively, while beverages company Celsius Holdings (CELH) soared 33%, e-commerce company MercadoLibre (MELI) jumped 12% and travel platform Booking (BKNG) added 4%.

Among other noteworthy movers, Coinbase (COIN) was up 5% after the crypto exchange said the Securities and Exchange Commission will drop a case against the company.

Bitcoin was at $99,300 this morning, up from around $98,000 late yesterday and trading at its highest level since Feb. 4.

Gold futures were down 0.3% at $2,945 an ounce, after hitting a record high on Thursday, while West Texas intermediate crude oil futures slid 0.8% to just below $72 per barrel.

The yield on 10-year Treasurys, which is correlated with expectations about where interest rates are headed, was down slightly at 4.49%.