US Stocks Fall, UnitedHealth Weighs on DJIA -- Market Talk

Dow Jones

02/22

1608 ET - U.S. stocks fall amid signs of slowing business activity and as the government investigates UnitedHealth's pricing practices. The insurer is the top loser in the DJIA, falling 7.2%. Solaris Energy rises 23% after it said it was expanding generating capacity. Coinbase rose premarket after regulators agreed to drop a lawsuit against the crypto company, pending an SEC vote, but closes down 8.3%. Next week brings the Fed's preferred inflation gauge, the PCE, which is expected to slow a little. Nasdaq falls 2.2% to 19524 and the DJIA sheds 749 points, or 1.7%, to 43428. Both are down 2.5% for the week. The S&P 500 drops nearly 1.7% and for the week, to 6013. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

February 21, 2025 16:08 ET (21:08 GMT)

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