US EditionS&P 500 marks closing record as corporate earnings roll in; Medicare rates hit insurers
Technology megacaps lifted the S&P 500 to its fifth consecutive gain despite a 19% drop in health insurers after proposed Medicare payment hikes, with 79.7% of earnings beating estimates.
- The S&P 500 closed at a record high and its fifth straight day of gains despite mixed earnings reports, reflecting market divergence.
- Investors awaited the U.S. Federal Reserve's two-day policy meeting later this week, expecting rates to remain unchanged while Fed policymakers weighed economic signals.
- UnitedHealth led healthcare losses, falling 19%, with Humana and CVS down about 19% and 14% after proposed Medicare insurer payment rate hikes.
- Nasdaq Composite touched a near three-month high and the S&P 500 neared 7,000, yet the Dow Jones Industrial Average fell 409.98 points, reflecting a 'bifurcated market'.
- Meta , Microsoft and other `Magnificent Seven` companies report on Tuesday, as 102 S&P 500 firms are scheduled this week after 79.7% of early reporters topped expectations.
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10 Articles
S&P 500 Hits Record High as Corporate Earnings Roll In, Medicare Rates Hit Insurers
The S&P 500 touched a record high and angled for its fifth advance in a row on Tuesday with a mixed reception for the latest earnings reports and a steep selloff in health insurers countering optimism ahead of megacap reports. UnitedHealth led losses in healthcare stocks and in the Dow Jones Industrial Average with a 19% tumble after the Trump administration proposed an increase in Medicare insurer payment rates. The plan was another woe added t…
S&P 500 marks closing record as corporate earnings roll in; Medicare rates hit insurers
The S&P 500 notched a record closing high and its fifth straight day of gains on Tuesday with a mixed reception to the latest earnings reports and a steep selloff in health insurers countering optimism ahead of megacap reports.
The Dow Jones index fell, weighed down by the health insurance company.
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