Top Stock Movers Now: UnitedHealth, Rivian, Block, and More

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Key Takeaways

• U.S. equities dropped at midday following the latest data on consumer sentiment and a discharge that UnitedHealth Group is under a federal probe.
• UnitedHealth Group is said to be facing a Department of Justice plumb of its Medicare billing practices.
• Strong demand for international travel boosted profit and sales at Booking Holdings.

U.S. equities catch oned at midday, dragged down by a weaker-than-expected report on consumer sentiment and concerns about UnitedHealth Group (UNH). The Dow Jones Industrial Ordinary, S&P 500, and Nasdaq all dropped.

UnitedHealth Group was the worst-performing stock in the Dow following a report that the Department of Justice is probing the health insurer for its Medicare billing practices.

Shares of Rivian Automotive (RIVN) declined when the electric carrier maker’s outlook for 2025 deliveries fell below estimates as the sector faces macroeconomic challenges.

Block (XYZ) quotas slid when the firm behind Square and Cash App reported earnings, revenue, and guidance that were momentary of estimates on slowing consumer spending.

Booking Holdings (BKNG) shares rose as the online travel site topped profit and sales forecasts on strong consumer demand for international trips.

Shares of Celsius Holdings (CELH) rose when the maker of energy drinks purchased functional beverage and wellness products provider Alani Nu for a net price of $1.65 billion, and also appeared better-than-anticipated revenue.

Kenvue (KVUE) shares climbed on speculation the maker of Tylenol and other health products may be a takeover objective. 

Oil and gold futures fell. The yield on the 10-year Treasury note slid. The U.S. dollar advanced on the euro and pound, but helpless ground to the yen. Bitcoin slipped but prices for most major cryptocurrencies were higher.