The U.S. stock markets are experiencing mixed trading after a significant sell-off triggered by Walmart. UnitedHealthcare is facing scrutiny from the Department of Justice over alleged fraudulent practices linked to Medicare reimbursement policies. This has negatively impacted the Dow Jones, which is down significantly. Other sectors like utilities are showing resilience, contrasting with the broader declines in tech and industrial stocks. Notably, Celsius Holdings surged following strong quarterly results, while Meta Platforms recovered after announcing substantial bonuses for executives, reflecting varied market dynamics.
The biggest healthcare company in the U.S., United Health is being investigated for alleged fraud regarding misleading patient diagnoses related to Medicare payments.
Despite a mixed market, Celsius Holdings surged 26% following their Q4 results and acquisition announcement, while utilities and telecom sectors retained stability.
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