US Stocks fell on poor economic news on Friday. Consumer confidence weakened to the lowest level since November 2023, even if the long -term inflation expectations have increased to the highest since 1995. contracted by More than expected.
As the day ended, the Dow Jones Industrial Index fell by 748 points, or 1.6%. The S&P 500 fell 1.7%and the Nasdaq Composite Index fell by 2.2%. Add to the negative sentiment: UnitedHealth (Ultra) almost 7% on news from one Investigation into the Ministry of Justice.
Striking market movers also included on Friday Alibaba, Celsius, Blok, Dropbox.
UnitedHealth Group (Ultrais) Under fire about his Medicare invoicing practices. The Wall Street Journal reported On Friday that the US Department of Justice (DOJ) has started an investigation into civil fraud into how the company records diagnoses that lead to extra payments for its Medicare Advantage plans.
The Securities and Exchange Commission (SEC) is planning to Let his enforcement case fall against CoinbaseMarking a significant shift in cryptocurrency regulation.
After the announcement, Coinbase’s (Mint) shares rose in the morning, but fell in the afternoon. Sec had accused coinbase The operation of a non -registered stock exchange and offering non -registered effects.
—Bruce Gil has contributed to the article.