Bill McColl
2 min read
In This Article:
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U.S. equities were mixed at midday with the market following the progress of the Republican tax cut and spending bill that could be heading to a vote soon.
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A report accusing UnitedHealth Group of paying nursing homes to limit patient transfers to hospitals sent shares of the health insurer tumbling.
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Toll Brothers gave an optimistic outlook for housing demand, and shares gained.
U.S. equities were mixed at midday as the market watched developments in Washington on the Republicans' tax cut and spending bill. The Dow Jones Industrial Average and S&P 500 declined, while the Nasdaq was up.
Fair Isaac (FICO) shares slumped for a second straight session after a federal housing official questioned the pricing of the credit scoring firm and gave support to lower-cost options.
Shares of UnitedHealth Group (UNH) dropped on a report that the health insurer secretly paid nursing homes to prevent patient transfers to hospitals.
Another report, this one saying Wolfspeed (WOLF) was looking to file for bankruptcy within weeks, sent shares of the troubled silicone carbide chip manufacturer crashing.
Shares of Google parent Alphabet (GOOGL) bounced back from yesterday's sell-off following the tech giant's introduction of its new artificial intelligence (AI)-powered search product.
Shares of Keysight Technologies (KEYS) jumped after the electronic testing products maker posted better-than-expected results, boosted by increases in revenue from commercial communications, aerospace, defense, and government customers.
Toll Brothers (TOL) shares advanced when the homebuilder reiterated its guidance despite a soft housing market, and CEO Douglas Yearley said the company is optimistic about long-term demand.
Oil futures fell. Gold prices rose. The yield on the 10-year Treasury note gained. The U.S. dollar continued to slide versus the euro, pound, and yen. Most major cryptocurrencies traded higher, with bitcoin setting a record of more than $109,400.
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