Top Stock Movers Now: UnitedHealth, Nvidia, Eli Lilly and More
The major U.S. equities indexes were mixed at midday Thursday, with the
Dow Jones Industrial Average
down close to 400 points as UnitedHealth Group (
UNH
) shares plunged. The tech-heavy
Nasdaq
and the
S&P 500
were slightly higher.
UnitedHealth Group (
UNH
) shares led Dow and S&P 500 decliners, after the healthcare group
pared back its forecasts
, citing higher costs. Its slump weighed on shares of other insurers, including Humana (
HUM
), Elevance Health (
ELV
) and CVS Health (
CVS
).
Nvidia (
NVDA
) and Advanced Micro Devices (
AMD
) slid, extending Wednesday’s declines after they
warned of a hit from new export curbs
to China. Broadcom (
AVGO
) shares also lost ground.
Eli Lilly (
LLY
)Â led S&P 500 gainers after the pharmaceutical giant released
promising trial results
for its oral drug pill orforglipron. Shares in rival Novo Nordisk (
NVO
) fell as BMO downgraded the Danish drug developer, citing its loss of its lead in the weight-loss drug race.
Netflix (
NFLX
) shares rose as the streamer, which is
slated to report
first-quarter results after markets close, is viewed by analysts as mostly
shielded
from tariffs and an economic downturn.
Crude oil futures and the yield on the 10-year Treasury note rose. The U.S. dollar rose against the euro and yen and lost ground against the pound. Prices for major cryptocurrencies mostly gained.
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