Indexes dip with UnitedHealth, tech, ahead of jobs report
Thu December 5, 2024 4:25 PM
It’s only expected that after a record-setting day there would be a bit of a pullback and that’s exactly what happened with the Dow dipping three-digits as investors hedge their bets with the jobs report coming in Friday. The healthcare sector got hit hard today in the wake of the murder of United Health’s CEO yesterday with their stock dropping 5.2% and also infecting Cigna and Molina and the overall healthcare index.
But other signals are positive with the jobs report expected to come in at a +200,000 new jobs, a radical change from the 12,000 new jobs in October, the smallest increase in four years. The odds for a December rate cut now stand at 70%. Today’s volume of 14.1 billion is still below the 14.7 billion-average but closing fast.
DJ: 45,014.04 +308.51 NAS: 19,735.12
+254.21 S&P: 6,086.49
+36.61 12/4
DJ: 44,765.71 -248.33 NAS: 19,700.26 -34.86 S&P: 6,075.11 -11.38 12/5
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