Stock Market Today, Jan. 27: Dow Sinks As UnitedHealth Plummets, Tech Stocks Boost S&P 500 and Nasdaq

The S&P 500 (SNPINDEX:^GSPC) rose 0.41% to 6,978.58, notching another record close; the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.91% to 23,817.10 on tech and AI strength, while the Dow Jones Industrial Average (DJINDICES:^DJI) fell 0.83% to 49,003.42 on healthcare weakness.UnitedHealth Group sank roughly 20% after an earnings-related disappointment, dragging healthcare and the Dow. On the upside, chipmaker Micron Technology and Amazon advanced as investors rotated into AI-linked semiconductors and rewarded Amazon’s decision to exit its Fresh and Go grocery stores.While the Dow’s bad day stands out in contrast to the S&P 500 and Nasdaq’s gains, investors shouldn’t misinterpret this as some sort of signal from the market. UnitedHealth is in the 30-stock Dow Jones Industrial Average, which is price weighted. Since UnitedHealth traded at $350 before today’s haircut, it was one of the index’s largest holdings. Due to this size, much of the (if not all of) the Dow’s drop ties to UNH today, due to its own 20% decline.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool