Dow Jones Falls on United Health Q4 Earnings
U.S. Stocks opened lower Friday after the official start of Q4 earnings proved the final quarter of 2023 was a challenging one. United Health pulled the Dow Jones Industrial Average down, falling 3% after reporting higher healthcare costs.
By noon, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.57% to 37,496. The $S&P 500 Index (.SPX.US)$ fell 0.18% to 4,771, and the $Nasdaq Composite Index (.IXIC.US)$ fell 0.23% to 15,934.
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Delta Airlines reported dissapointing earnings, pulling down the airline sector. United Airlines, American Airlines, and others fell upwards of 8%.
JPMorgan Chase and Wells Fargo released earnigns alongside financial giant BlackRock. Citi Group and Bank of America earnings dissapointed investors.
Oil prices jumped 3% after conflict in Yemen. Overnight, U.S. fighter jets attacked Houthi rebels that have targeted shipping through the Red Sea corridor.
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