Stocks Tank on UnitedHealth Misfortunes
Stocks were mixed Friday investors neared the end of a rocky week on Wall Street.The Dow Jones Industrials plummeted 365.89 points Friday to 43,810.76The S&P 500 index shed 24.19 points to 6,093.33The NASDAQ fell 61.57 points to 19,900.79. For the week, the S&P 500 is marginally lower, while the Dow is down 1.4%, and NASDAQ has lost 0.2%. UnitedHealth dropped more than 9% to weigh on the Dow, after The Wall Street Journal reported that the insurer is under investigation by the Justice Department. The decline put the stock on pace for its worst day since March 2020.Prices for the 10-year Treasury gained lowering yields to 4.46% from Thursday’s 4.51%. Treasury prices and yields move in opposite directions.Oil prices backed off $1.26 to $71.22 U.S. a barrel. Prices for gold dulled $10.50 an ounce to $2,945.60 U.S.
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