Dow Jones and S&P500: UnitedHealth Tanks, Coinbase Soars in Mixed US Indices

Coinbase rallied 9.2% on confirmation it will join the S&P 500, replacing Discover Financial. The inclusion boosts its profile and could trigger institutional buying. The crypto trading platform has gained traction with traders this year on growing mainstream acceptance of digital assets.

Sea Limited Impresses Despite Revenue Miss

Shares of Sea Limited jumped 14.1% after it posted stronger-than-expected first-quarter adjusted EBITDA of $946.5 million, crushing the $710.9 million consensus. Revenue came in lighter at $4.84 billion versus a $4.91 billion forecast, but cost control and profitability lifted investor confidence.

Other Movers to Watch

Rigetti Computing dropped 11.4% on disappointing revenue of $1.5 million, missing forecasts. Hertz fell 9% after reporting a larger-than-expected Q1 loss. Under Armour rose 2.2% on upbeat guidance, while Simon Property Group dipped 2% despite solid revenue. Valero gained 1% on a Goldman Sachs upgrade, and Calumet rose 2.2% following a bullish initiation from Bank of America.

What’s Next for the Market?

With inflation easing and tariff risks receding, equities have room to extend gains. Still, sector-specific risks and earnings surprises are influencing sentiment. Investors will closely watch upcoming Fed communications and follow-through from trade talks with China for the next directional cues. For now, the tone remains cautiously constructive.