Stock market today: Dow retreats as UnitedHealth sinks, S&P 500 and Nasdaq aim for winning week
Published On Feb 21, 2025, 10:59 AM
The U.S. stock market saw declines today, with the Dow Jones Industrial Average dropping 0.9%, largely influenced by a significant 8% fall in UnitedHealth shares due to a Department of Justice inquiry into its Medicare billing practices. Meanwhile, the S&P 500 and Nasdaq continue to aim for weekly gains despite today's losses. Celsius Holdings' stock soared over 30% after announcing a $1.8 billion acquisition of Alani Nutrition, enhancing its product portfolio.
Stock Forecasts
UNH
Negative
UnitedHealth is facing regulatory scrutiny, which may lead to further declines as investors react to the increased uncertainty surrounding its business practices.
CELH
Positive
Celsius Holdings' acquisition of Alani Nutrition is seen positively by the market, suggesting continued growth potential for the company and its stronger competitive position in the energy drink industry.
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