Wall Street stocks ended mixed on Thursday, with gains in Cisco Systems following an upbeat forecast, while UnitedHealth tumbled after a report of a criminal investigation into the insurer.

Stephen Hemsley hasn’t been CEO at UnitedHealth Group in nearly a decade yet he’s never really left. Hemsley, 72, has remained chairman and a major shareholder in the health care behemoth — and now is back in the CEO

UnitedHealth stock offers high risk/reward potential amid challenges like CEO resignation & DOJ investigation. Learn more about UNH stock here.

The S&P 500 teetered between gains and losses in a choppy session on Thursday as elation from the U.S.-China tariff truce tapered off, with UnitedHealth among the biggest losers after a report said the DoJ was investigating the insurer for fraud.

In 2024 the 50 largest public companies in Minnesota saw their total revenue grow a collective 3.4% and profits by 11%. But new tariff proposals, policy changes and sinking consumer confidence threaten growth.

UnitedHealth faces valuation reset amid CEO change, regulatory probes, and cost overruns. Click here for a full analysis of UNH stock.

UnitedHealth is being investigated by the Justice Department for possible criminal Medicare fraud, The Wall Street Journal reports, while Dick’s Sporting Goods is close to buying Foot Locker for $2.3 billion.