From Yahoo Finance: 2025-05-16 16:35:00

The S&P 500 closed the week with a fifth straight day of gains despite a dip in consumer sentiment. UnitedHealth stock rebounded after a criminal probe into its Medicare Advantage business. Applied Materials revenue missed targets due to slowing China sales. Major U.S. equities indexes ticked higher amid positive trade relations with China.

The S&P 500, Dow, and Nasdaq all saw gains at the end of the trading week. UnitedHealth Group shares surged 6.4% following a criminal probe into its Medicare Advantage business. Moderna announced progress in a Phase 1 trial of an experimental cancer therapy. Fiserv shares bounced back after lackluster growth projections for Clover.

Applied Materials reported lower-than-expected revenue due to declining sales in China. First Solar shares dropped after a Congressional proposal on solar tax credits. Hershey stock slipped 2.4% amid concerns about elevated cocoa futures prices. Analysts predict Hershey may need to implement cost-cutting measures to address higher input costs.



Read more at Yahoo Finance: Index Notches 5-Day Win Streak Despite Consumer Sentiment Slide