Most U.S. stocks rose, but the worst drop for UnitedHealth Group in a quarter of a century kept Wall Street in check.
The S&P 500 edged up 0.1 percent Thursday even as three-quarters of the stocks within the index climbed. Another drop for Nvidia helped pull the Nasdaq composite down 0.1 percent. The Dow Jones Industrial Average slumped 1.3 percent.
That was almost entirely because UnitedHealth Group plunged 22.4 percent to its worst loss since 1998 after a weaker-than-expected profit report. Treasury yields rose following mixed data on the U.S. economy. President Donald Trump again criticized the Federal Reserve for not lowering interest rates.
On Thursday:
The S&P 500 rose 7 points, or 0.1 percent, to 5,282.70.
The Dow Jones Industrial Average fell 527.16 points, or 1.3 percent, to 39,142.23.
The Nasdaq composite fell 20.71 points, or 0.1 percent, to 16,286.45.
The Russell 2000 index of smaller companies rose 17.14 points, or 0.9 percent, to 1,880.62.
For the week:
The S&P 500 is down 80.66 points, or 1.5 percent.
The Dow is down 1,070.48 points, or 2.7 percent.
The Nasdaq is down 438.01 points, or 2.6 percent.
The Russell 2000 is up 20.42 points, or 1.1 percent.
For the year:
The S&P 500 is down 598.93 points, or 10.2 percent.
The Dow is down 3,401.99 points, or 8 percent.
The Nasdaq is down 3,024.35 points, or 15.7 percent.
The Russell 2000 is down 349.53 points, or 15.7 percent.
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