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Top Stock Movers Now: UnitedHealth, Rivian, Block, and More
Key Takeaways
U.S. equities tumbled at midday, dragged down by a weaker-than-expected report on consumer sentiment and concerns about UnitedHealth Group ( UNH ). The Dow Jones Industrial Average , S&P 500 , and Nasdaq all dropped.
UnitedHealth Group was the worst-performing stock in the Dow following a report that the Department of Justice is investigating the health insurer for its Medicare billing practices.
Shares of Rivian Automotive ( RIVN ) declined when the electric vehicle maker's outlook for 2025 deliveries fell below estimates as the sector faces macroeconomic challenges.
Block ( XYZ ) shares slid when the firm behind Square and Cash App reported earnings, revenue, and guidance that were short of estimates on slowing consumer spending.
Booking Holdings ( BKNG ) shares rose as the online travel site exceeded profit and sales forecasts on strong consumer demand for international trips.
Shares of Celsius Holdings ( CELH ) soared when the maker of energy drinks purchased functional beverage and wellness products provider Alani Nu for a net price of $1.65 billion, and also reported better-than-anticipated revenue.
Kenvue ( KVUE ) shares climbed on speculation the maker of Tylenol and other health products may be a takeover target.
Oil and gold futures fell. The yield on the 10-year Treasury note slid. The U.S. dollar advanced on the euro and pound, but lost ground to the yen. Bitcoin slipped but prices for most major cryptocurrencies were higher.
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