Stock market today: Dow, S&P 500, Nasdaq sink as consumers start to sour on US economy
Published On Feb 21, 2025, 2:45 PM
US stocks faced declines, with all three major indexes (S&P 500, Nasdaq, Dow) experiencing significant drops due to concerns over consumer sentiment amid rising inflation expectations influenced by tariff uncertainties. Notably, UnitedHealth's stock fell nearly 9% due to an investigation by the Department of Justice into its Medicare billing practices. In contrast, Celsius Holdings stock surged over 30% following its announcement of a $1.8 billion acquisition of competitor Alani Nutrition.
Stock Forecasts
UNH
Negative
The investigation into UnitedHealth could lead to prolonged legal issues and scrutiny, impacting investor confidence, leading to a potential further decline in stock price.
CELH
Positive
Celsius Holdings' acquisition of Alani Nutrition is a strategic move that positions it strongly in a growing market and is likely to boost investor sentiment and stock price due to the anticipated growth from the combined brands.
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