UnitedHealth's Step Toward Recovery Lifts Dow Jones; Universal Health Takes Off

Published 2 weeks ago Positive
UnitedHealth's Step Toward Recovery Lifts Dow Jones; Universal Health Takes Off
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UnitedHealth Group topped third-quarter earnings estimates early Tuesday in the first full quarter since the Dow Jones managed care giant ousted its CEO and slashed its full-year outlook by 40%. UNH stock rose strongly, lifting the Dow in early stock market action as S&P 500 futures traded near the flat line. The increased utilization of health care that has roiled insurers has been great news for hospital operators like Universal Health Services, which was among the top S&P 500 performers early Tuesday, helped by news of a $1.5 billion stock buyback.

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