Wall Street mixed, Cisco rises on positive forecast, UnitedHealth tumbles on investigation

From Yahoo Finance: 2025-05-15 05:59:00

Wall Street stocks closed mixed, with Cisco Systems rising on a positive forecast, while UnitedHealth dropped due to a reported criminal investigation. The S&P 500 has rebounded from April’s trade war selloff, anticipating deals to reduce tariffs. Walmart warned of price increases due to tariffs, impacting its stock and Amazon’s.

Cisco Systems surged nearly 5% after raising its annual forecast driven by AI. UnitedHealth plummeted 11% after reports of a DOJ investigation into Medicare fraud. Walmart slipped 0.5% as they prepare to hike prices due to tariffs. Amazon, facing similar issues, dropped 2.4%, affecting Nasdaq.

Despite positive retail sales and falling producer prices, the S&P 500 climbed 0.41% to close at 5,916.93 points. The Nasdaq fell 0.18% to 19,112.32 points, while the Dow Jones rose 0.65% to 42,322.75 points. Eight of 11 S&P 500 sectors rose, with utilities and consumer staples leading.

Read more: Wall Street ends mixed; Cisco rallies while UnitedHealth tumbles