US shares fell on bad economic news on Friday. Consumer confidence has weakened at the lowest level since November 2023, even while long -term inflation expectations have increased to the highest since 1995. Managers who buy services have fallen on contraction territory and the January sales of the house agreed More than expected.
As the day ended, the Dow Jones industrial index fell with 748 points, or 1.6%. The S&P 500 slid 1.7%and Nasdaq The composite index dropped 2.2%. Adding a negative feeling: Unitedhealth (UNH) fell almost 7% on the news oa Investigation by the Ministry of Justice.
Friday also included significant market drivers Alibaba, Celsius, Block, Dropbox.
Unitedhealth Group (UNH) is Under fire because of their practice of collecting Medicare. Reported Wall Street Journal On Friday, the US Ministry of Justice (DOJ) launched an investigation into a civic fraud on how the company records diagnoses that lead to additional payments for its plans for Medicare.
The Securities Commission (SEC) plans Discard your Coinbase Implementation casemarking significant shifts in the regulation of cryptocurrency.
After the announcement, Coinbase’s (COIN) The stocks rose in the morning but rejected in the afternoon. Dec accused Coinbase managing unregistered exchange of securities and offering unregistered securities.
—Bruce Gil contributed to the article.
