Markets mostly higher with S&P 500, Nasdaq, and Russell 2000 gains, Dow down due to UNH selling

From Nasdaq: 2025-05-13 17:53:00

In today’s market, the S&P 500, Nasdaq, and Russell 2000 all saw gains, while the Dow fell -269 points due to UnitedHealthcare’s -17.8% drop. UnitedHealthcare has lost -47% of its stock value in the past month, leading to CEO Andrew Witty stepping down. NVIDIA shares surged +5.6%, driving the Nasdaq’s increase.

Cisco Systems is set to report Q3 earnings tomorrow, with expectations of +3.4% earnings growth and +10.7% sales growth. The company’s AI technology and cloud-based Splunk segment are predicted to show strength. The Producer Price Index for April, Retail Sales, and Weekly Jobless Claims will be released on Thursday.

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Read more at Nasdaq: Markets Mostly Higher: Dow Kept Down by UNH Selling