WSJ Your Money Briefing What’s News in Markets: Trade Truce Winners, UnitedHealth Slides, Foot Locker Deal Bounce
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May 17, 2025 Discover how the recent U.S.-China trade deal sparked stock surges for giants like Amazon and Boeing. Meanwhile, UnitedHealth finds itself on a downward spiral, facing regulatory hurdles and a 23% drop in shares. In a surprising twist, Foot Locker's acquisition by Dick's Sporting Goods leads to an impressive 86% stock surge, reversing past struggles. Tune in for insights on how these events shape market sentiments!
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Trade Truce Boosts China-Exposed Stocks
- The US-China trade truce lifted stocks of companies heavily reliant on China, especially in supply chains.
- Amazon gained 8% after tariffs eased and Nike rose over 7% benefiting from tariff reduction news.
UnitedHealth Stock Plummets Amid Investigations
- UnitedHealth faced a severe stock decline on leadership changes and multiple federal investigations.
- The company's share price dropped 23% in a week amid allegations of Medicare fraud and other probes.
Foot Locker Soars on Dick's Buyout
- Foot Locker stock soared 86% on news of acquisition by Dick's Sporting Goods.
- Meanwhile, Dick's shares dropped 15% on the same day despite closing the deal.