UnitedHealth stock falls
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UnitedHealth pushes the Dow toward a never-before-seen disconnect with the S&P 500. What it means for the stock market.A steep slide in UnitedHealth Group ... weighted index and gives greater influence to larger companies with higher market capitalization, the 30-member Dow solely considers the share prices ...
Soft inflation data lifted major U.S. stock indexes Tuesday, except for one notable exception: the Dow Jones Industrial Average, the blue-chip index that for many is synonymous with “the stock market.
The health care giant's shares are down more than 50% in the last month. That's hurting the powerful U.S. stock-market index.
The Dow is weighted by share prices, and UnitedHealth has a significant influence on the index’s performance.
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Prior to that sell-off, UnitedHealth was the largest component in the price-weighted Dow Jones Industrial Average (DJINDICES: ^DJI). Now, the baton has been passed to Goldman Sachs. Numerous top ...