đ„ Market Movers Alert: UnitedHealth Group, Fox, Freeport-McMoRan Lead Todayâs Action
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Wall Street's whiplash session delivers surprise winners and brutal losersâwhile traditional investors scramble to explain the volatility.
Healthcare Giant Roars
UnitedHealth Group defies sector weakness with unexpected momentum, leaving analysts scrambling to update their models. The move catches institutional players off-guardâagain.
Media Shakeup
Fox shares snap back with violent momentum as streaming wars intensify. Old media either adapts or diesâno middle ground remains in the attention economy.
Commodities Surge
Freeport-McMoRan rides raw material demand waves as physical assets suddenly become fashionable again. Because nothing says 'stable investment' like digging rocks from the ground.
Meanwhile, crypto continues quietly eating traditional finance's lunchâbut Wall Street won't admit it until the next bull run makes headlines.
Key Takeaways
- Major U.S. equities indexes were little changed at midday Tuesday following a report showing weaker-than-anticipated job growth.Â
- UnitedHealth Group shares surged after the insurer gave a positive outlook about its Medicare Advantage members.
- Freeport-McMoRan shares fell on a mega-merger by copper mining rivals Anglo American and Teck Resources.
The Dow, S&P 500, and Nasdaq were little changed at midday Tuesday following a report showing weaker-than-anticipated job growth. That raised speculation the Federal Reserve could MOVE next week to cut interest rates more than previously thought.
UnitedHealth Group (UNH) was the best-performing stock in the Dow and S&P 500 after the insurance giant said it expects 78% of its Medicare Advantage members will be in top-rated Medicare plans next year.
Shares of Nebius Group (NBIS) skyrocketed as the artificial intelligence infrastructure provider announced a deal with Microsoft (MSFT) that could be worth up to $19.4 billion. Microsoft shares rose slightly.
CoreWeave (CRWV) shares also gained after the AI cloud computing platform launched a venture initiative designed to support founders of new AI efforts.
Freeport-McMoRan (FCX) shares dropped as rival Anglo American agreed to buy Teck Resources (TECK) for $53 billion, creating one of the worldâs biggest copper miners. Teck Resources shares jumped.
Shares of News Corp (NWSA) and Fox (FOXA) lost ground after Rupert Murdoch's media empire settled a yearslong family fight over which of the mogul's children will control the Murdoch family trust.
Oil and Gold futures advanced. The yield on the 10-year Treasury note was higher. The U.S. dollar gained on the euro and pound, but lost ground to the yen. Prices for most major cryptocurrencies were mixed.Â