Health insurance stocks experienced a downturn following UnitedHealth Group’s (UNH) revision of its forecasts for 2025. This news caused the company’s shares to drop approximately 19% in early trading, affecting the entire group on Thursday. The S&P 500’s health care sector was down by about 0.3%. Other major insurance firms, including Humana (HUM), Elevance Health (ELV), and CVS Health (CVS), also saw declines, with Humana falling over 8%, Elevance Health dropping 5%, and CVS Health sliding 4%. The Dow Jones Industrial Average, of which UnitedHealth is a key member, was down roughly 1%, while the S&P 500 and Nasdaq Composite were slightly higher. Among the Dow’s 30 components, only a few—UnitedHealth, Amgen (AMGN), and Nvidia (NVDA)—were off more than 1%.
— new from Investopedia
