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S&P 500 Gains and Losses Today: Health Insurers Slide as Elevance Cites Medicaid Declines
The S&P 500 was essentially flat on Thursday, Oct. 17, 2024, closing less than 0.1% lower despite strong retail sales data and a resurgence in AI chip stocks.
Elevance Warns on Medicaid Challenges, Hammering Health-Insurance Stocks
Elevance Health's quarterly earnings fell below expectations, the latest sign of how medical expenses are squeezing the industry. Insurance stocks sold off in morning trading. Dig deeper:
Elevance Health’s stock tumbles as profit dented by ‘unprecedented’ Medicaid challenges
We remain confident in the long-term earnings potential of our diverse businesses as we navigate a dynamic operating environment and unprecedented challenges in the Medicaid business,” Chief Executive Gail K.
Elevance Health Stock Plunges on Profit Hit From Fall in Medicaid Memberships
Key Takeaways Elevance Health shares plunged Thursday after the insurer reported lower-than-expected earnings and cut its outlook as changes in Medicaid slashed membership rolls.The insurer's third-quarter Medicaid membership dropped 19% from a year ago on eligibility redeterminations and other changes to the program.
23h
on MSN
Major Wall Street firm lays out extreme possibility for S&P 500 in 2025
Stocks have paused since Monday, when the S&P 500 index hit its 46 th record close this year. The index has almost doubled in ...
4h
S&P 500, Nasdaq 100 - Wall Street Indexes Rise As TSMC Leads Chip Stock Rally, Where To Next?
Wall Street indexes rebounded from Tuesday’s selloff, driven by strong earnings from TSMC and positive economic data. Click ...
1d
on MSN
S&P 500 Gains and Losses Today: United Airlines Soars on Strong Earnings, $1.5B Buyback
Key Takeaways The S&P 500 added 0.5% on Wednesday, Oct. 16, 2024, driven by upbeat earnings reports and a rebound among ...
5h
Stock Market News: Dow, S&P 500 Head for Records
The Dow, S&P 500, and Nasdaq are rising Thursday as the stock market reacts to Taiwan Semiconductor earnings in light of the recent ASML selloff. Nvidia heads to record close.
1d
The S&P 500 Defies Odds, Extends Rally With 6,000 in Sight
The S&P 500 defies the odds and mounting risks to continue its trend. The market broke above critical support in late ...
1d
on MSN
Bitcoin Has Outperformed the S&P 500 Since September—Here's Why
The largest cryptocurrency has benefited from investor optimism driven by the Federal Reserve's rate cuts and the U.S.
2d
S&P 500 Futures Trading Volume Evaporates as Records Fall
The S&P 500 may be punching through fresh records, but it hasn’t been accompanied by high turnover conviction. On the ...
8h
on MSN
Alphabet Is Cheaper Than the S&P 500 Right Now. It's Time for Investors to Load Up.
On a price-to-earnings ( P/E) basis, Alphabet is cheaper than the S&P 500, regardless of whether you look at trailing ...
3d
on MSN
Stock market today: S&P 500 hits another record close as rally presses on amid earnings
The S&P 500 enjoyed its 46th record close of the year on Monday. Investors are awaiting a deluge of third-quarter earnings ...
2d
on MSN
UBS lifts year-end target for S&P 500 to 5,850 points
UBS Global Research on Tuesday raised its year-end target for the benchmark S&P 500 index to 5,850 points from an earlier ...
3d
Prediction: These 2 High-Yield Dividend Stocks Will Outperform the S&P 500 Index in the Coming Decade
AbbVie has been reporting an earnings decline because its former lead drug, Humira, lost patent-protected market exclusivity ...
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