The Economic Times

US stock market today: Why Dow is down while S&P 500 and Nasdaq surge - UnitedHealth earnings and Medicare policy rattle healthcare stocks

US stock market today: Dow slips as UnitedHealth rout offsets tech rally. S&P 500, Nasdaq hold near records. The Dow Jones Industrial Average dropped 334.77 points to 49,077.63 on Tuesday, weighed down by a 15% plunge in UnitedHealth (UNH). While the S&P 500 and Nasdaq rose on tech optimism and a landmark India-EU trade deal, health insurers crumbled. The sell-off followed a federal proposal for nearly flat 2027 Medicare Advantage payment hikes. Investors pivoted from healthcare to AI-driven tech ahead of key Microsoft and Tesla earnings.