The Nasdaq Composite is on monitor for a report shut on the identical day the Dow may fall for its eighth consecutive session. That’s by no means occurred earlier than.
The Nasdaq is up 1.2% and on monitor to prime its prior closing excessive of 20,034.89 to set its thirty eighth report of the yr. The S&P 500 is up 0.5% and inside putting distance of its report shut from Dec. 6. Then there’s the Dow, which is down 35 factors, or 0.1%.
A decrease shut would mark the Dow’s longest shedding streak since June 21, 2018, in line with Dow Jones Market Data. Since the Nasdaq Composite’s inception in 1971, it has by no means closed at a report on the identical day the Dow fell for an eighth session in a row, Dow Jones Market Data mentioned.
The Dow this month has been tormented by UnitedHealth Group, which was down one other 3.2% on Monday. It’s shaved a whopping 653 factors off the Dow this month with its 17.4% slide.
The inventory has been falling because the chief government of UnitedHealth’s insurance coverage unit was killed in Manhattan. The taking pictures prompted conversations on social media about medical insurance practices. A bipartisan group of lawmakers additionally launched laws earlier this month that might stop corporations from proudly owning each pharmacy profit managers and pharmacies underneath the identical roof.
