UnitedHealth Group (UNH) stock fell out of the gate Friday, dragging the blue chip Dow Jones Industrial Average down with it. Weighing on the shares is a report in The Wall Street Journal that indicated the Justice Department is investigating the insurance company’s Medicare billing practices.
» Read more about: UnitedHealth Stock Drags on the Dow After DOJ Probe News »
Adding to market woes, the University of Michigan’s consumer sentiment index fell to 64.7 in January, a 10% decline and well below expectations. The report highlighted growing consumer anxiety over inflation, with the five-year inflation outlook hitting 3.5%, the highest level since 1995.
Tom Fitzpatrick, managing director at R.J. O’Brien and Associates,
The S&P 500 (SPX) was down Friday as the stock market reacted to the latest economic data and other controversies. One of the biggest reasons for the SPX fall is decreased consumer sentiment from the University of Michigan’s index. This dropped to 64.7, easily missing economists’ expectation of 67.5.
Another blow to the S&P 500 comes from President Donald Trump threatening to introduce more tariffs.
» Read more about: S&P 500 Slides as Economic Data Worries Investors »
NEW YORK (AP) — Wall Street is pulling further from its record after reports on Friday showed worries about President Donald Trump’s policies may be hitting the U.S. economy.
The S&P 500 was down 1% in afternoon trading, a day after a weaker-than-expected profit forecast from Walmart helped knock it off its all-time high.
U.S. stocks slipped after the opening bell, with health insurance giant UnitedHealth shares weighing on the market after the Wall Street Journal said the company’s Medicare billing practice is being investigated by the Department of Justice.
Harrison Ford has recently opened up about his retirement plans from acting.
Speaking with Entertainment Tonight at the Season 2 of 1923 premiere on February 19,
» Read more about: Harrison Ford opens up about his retirement plans from acting »
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The cryptocurrency market experiences changes and developments that shape investment choices every day. Since last month, it has been on a bullish run, even as several tokens experienced price fluctuations.
Inflation is picking up again and President Donald Trump said this week it’s all his predecessor’s fault. But no matter who Trump blames for inflation, America’s economic mood is now souring — and Trump is getting the heat for it.
» Read more about: US consumer sentiment plunges over tariff and inflation fears »
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Professional Capital Management CEO Anthony Pompliano discusses whether President Donald Trump’s tariffs will raise inflation on ‘The Bottom Line.’
As President Donald Trump plans to slap tariffs on imported automobiles and other products, Hyundai, a South Korean company with a significant U.S.
» Read more about: Hyundai touts US presence as Trump tariff plans loom over foreign automakers »
Tesla said on Friday it was recalling nearly 380,000 vehicles in the United States due to a power steering assist failure that could increase steering effort, particularly at low speeds, potentially raising the risk of a crash.
The recall follows a more than one-year-long probe by the National Highway Traffic Safety Administration after some Tesla owners reported steering failures,
» Read more about: Tesla recalls 380,000 vehicles in US over power steering assist issue »