Dow futures flip unfavourable as UnitedHealth lowers annual revenue forecast

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UnitedHealth pulls the heaviest weight within the Dow and so them slashing earnings outlook for the 12 months whereas reporting an earnings miss in Q1 is weighing on the index. Dow futures have erased earlier features to be down zero.eight% now with UNH shares indicated down by over 16% in pre-market buying and selling.

That is additionally weighing barely on the broader market temper with S&P 500 futures seeing features chipped away to zero.6%. Tech shares stay buoyed with Nasdaq futures up 1.zero% in the intervening time. The drag on UnitedHealth can also be weighing on different well being insurers resembling Elevance and CVS Well being. The previous is down by eight% whereas the latter is down almost 9% respectively in pre-market buying and selling.

This text was written by Justin Low at www.ubaidahsan.com.



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