The NASDAQ index has moved into positive territory. It currently trades up 49 points or less 0.27% at 19194.50. That erased a decline of -142.20 at session lows. With the week nearly half over, the index is near unchanged at -0.09%
Although positive, the S&P index is still down on the day. It’s current price is down -11.43 points or -0.19% at 5929. For the week, the index is down -0.50%. At session lows today, the index was down -62.69 points.
The Dow industrial average is also sharply lower today with a decline of -306.60 points or -0.72% at 42371. At session lows index was down -448.09 points. For the trading week, the index is down -0.67%
📉 Top Dow Drags Today
1. UnitedHealth Group (UNH)
-
Price Drop: −$20.42 (−6.4%)
-
Reason: HSBC downgraded UnitedHealth’s stock and significantly reduced its price target from $490 to $270, citing concerns over regulatory pressures and margin compression.
2. Amazon.com Inc. (AMZN)
-
Price Drop: −$3.37 (−1.7%)
-
Reason: While specific news was not detailed, the decline contributed to the overall drag on the Dow.
3. Nike Inc. (NKE)
-
Price Drop: −$1.11 (−1.77%)
4. American Express Co. (AXP)
-
Price Drop: −$3.07 (−1.03%)
5. International Business Machines Corp. (IBM)
-
Price Drop: −$1.78 (−0.66%)
This article was written by Greg Michalowski at www.forexlive.com.
