S&P 500 Hits New Record, But Dow In the Red
The S&P 500 rallied on Tuesday (January 27th), briefly hitting a new intraday record as technology stocks once again became the market's main driver as the market entered a testing week of corporate earnings reports. The Nasdaq also led the gains, while the Dow weakened due to pressure from the healthcare sector.
The Dow Jones Industrial Average fell 430.54 points to 48,981.58. The S&P 500 rose 34.97 points to 6,985.20. The Nasdaq gained 241.40 points to 23,843.00. The big picture: the broad market remains strong, but the Dow is being held back by one sector falling together.
The biggest drag came from UnitedHealth, which fell about 19%, dragging down sentiment in the health insurance sector. Humana also fell about 19%, while CVS fell about 14% after news of a proposed Medicare Advantage payment increase fell far below market expectations.
On the other hand, technology stocks and AI themes once again provided support. Microsoft and several other big names boosted the Nasdaq and S&P 500, keeping the market looking "lively" despite the drama at health insurers.
The next focus is clear: a series of tech giant earnings and Fed policy language. The market is assessing not only the interest rate decision, but also the tone of the statement and any hints of policy direction—as those are usually the quickest drivers of risk sentiment this week.
Source: Newsmaker.id
