Health Insurance Stocks Drop After UnitedHealth Forecast News

Health insurance stocks are calling in sick today.

Pulled lower by UnitedHealth Group’s (

UNH

)
paring back of its forecasts
for 2025—the news has the giant’s shares down roughly 19% in early action—the group is dropping Thursday. (Read

Investopedia’s

live coverage of
today’s trading here
.) The S&P 500’s health care sector was recently about 0.3% lower.

Several other big insurance firms joined UnitedHealth in the list of top S&P 500 decliners today. Humana (

HUM

) was off more than 8%, while Elevance Health (

ELV

) fell 5%, and CVS Health (

CVS

) slid 4%.

The news also weighed on the Dow industrials, of which UnitedHealth is a key member. The blue-chip index was recently down about 1%, while the S&P 500 and Nasdaq Composite were slightly higher.

Nine of the Dow’s 30 components were recently lower, but only a few—UnitedHealth, Amgen (

AMGN

), and Nvidia (

NVDA

)—were off more than 1%.

Some other health stocks were rising, among them pharmaceutical giant Eli Lilly (

LLY

), which was lifted by
drug trial news
.

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Investopedia