It was a volatile trading day on Wall Street
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| | 3/04/2019 | |
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UnitedHealth Drags Dow Down 206 Points | By Karee Venema | | The Dow explored a 544-point range on both sides of breakeven, eventually settling with a more than 200-point loss as concerns that stock valuations have run "too far, too fast" offset optimism around a potential U.S.-China trade deal. The risk-off backdrop was further stoked by a weak reading on construction spending and a sharp sell-off for UnitedHealth (UNH), with the blue-chip insurer continuing to plunge after a Medicare-for-All bill was introduced by House Democrats last week. This volatile price action was seen on the S&P 500, too, which rallied all the way up near the key 2,820 level before closing back below 2,800. Continue reading for more on today's market, including: | >> Continue reading... | |
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