UnitedHealth is more than 20% lower premarket
Futures on the Dow Jones Industrial Average (DJI) are down 573 points before the bell this morning, looking to extend yesterday's losses as UnitedHealth (UNH) stock plummets. The blue-chip healthcare giant was last seen 20.2% lower after an earnings miss and dismal full-year profit outlook.
On the other hand, S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are firmly higher, the latter by triple-digits. Jobless claims for last week totaled 215,000, below estimates of 225,000 and marking a two-month low. Heading into the final trading day of the holiday-shortened week, all three major indexes are headed for weekly losses.
Continue reading for more on today's market, including:
- ASML stock suffers another swing lower.
- ICYMI: 2 gold stocks to watch as prices surge.
- Plus, HTZ extends rally; LLY surges on weight-loss drug trial results; and DHI slips on an earnings miss.
5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw more than 1.7 million call contracts and over 1.2 million put contracts exchanged on Tuesday. The single-session equity put/call ratio came in at 0.72, while the 21-day moving average stayed at 0.60.
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Hertz Global Holdings Inc (NASDAQ:HTZ) stock is up 20.1% premarket, extending yesterday's 56.4% pop after Bill Ackman’s Pershing Square disclosed a large stake in the
vehicle rental name. Year-over-year, the equity is still down 13.1%.
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Eli Lilly & Co (NYSE:LLY) stock is up 13.3% in electronic trading, after the pharmaceutical giant posted positive results for a phase 3 trial of its weight-loss drug, orforglipron. Should these gains hold,
LLY will enter positive territory for 2025 at the open.
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Shares of D.R. Horton Inc (NYSE:DHI) are down 3.5% before the bell, after the construction company's lower-than-expected fiscal second-quarter earnings and revenue results. Looking to push back toward last week's 52-week lows, DHI is down 15.9% year to date.
- Plenty more earnings due out next week, including reports from Alphabet (GOOGL) and Tesla (TSLA).
ECB Cuts Interest Rates
Asian markets rose Thursday, breaking from Wall Street’s sharp losses as regional investors shrugged off tariff concerns. Japan’s Nikkei jumped 1.4%, while South Korea’s Kospi added 0.9% after the country’s central bank held interest rates steady. Hong Kong’s Hang Seng gained 1.6%, led by a rally in tech stocks, and China’s Shanghai Composite edged 0.1% higher.
In Europe, stocks are lower after the European Central Bank (ECB) cut interest rates and issued a downbeat economic growth outlook amid tariff-related uncertainty. Germany’s DAX is down 0.8%, France’s CAC 40 has slipped 0.9%, and London’s FTSE 100 is off 0.7%.