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Economy

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Cattledog

(6,471 posts)
Thu Dec 19, 2024, 12:58 AM Dec 19

UHC behind most of stock losses. [View all]

Much of the Dow’s drop over the past nine days can be chalked up to one stock.

As of Tuesday’s close, UnitedHealth Group Inc.
has contributed about 750 points to the Dow’s 1,564-point drop since the losing streak began. To help put that in context, that is about a 3.5% drop — not exactly a huge move. It is the blue-chip gauge’s worst nine-day performance since August, Dow Jones data showed.

UNH has struggled in the face of bipartisan congressional efforts to break up insurers’ lucrative pharmacy benefit manager business. It has also been in the news following the killing earlier this month of Brian Thompson, the CEO of the company’s insurance arm.

https://www.marketwatch.com/story/whats-behind-the-dows-current-losing-streak-and-should-investors-be-worried-d51cc0f4?mod=newsviewer_click

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