SOTS 2nd Hour: DOJ Targets UnitedHealth, Auditing the Fed? Plus: Visa, IMAX CEOs 02/21/25
Squawk on the Street
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Market Movements and UnitedHealth Scrutiny
This chapter explores the recent fluctuations in the stock market, particularly focusing on UnitedHealth amid a Department of Justice investigation into its Medicare billing practices, resulting in a notable decline in shares. It also discusses the rise of Alibaba shares following positive earnings and investor interest, as well as the strong performance of travel sector stocks driven by high demand. The chapter provides insights into consumer sentiment, home sales data, and an optimistic outlook for the broader market despite challenges such as inflation and cautious retail guidance.
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