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Markets Stall After Recent Rally as UnitedHealth Faces DOJ Probe

U.S. stock futures dip Thursday morning as optimism over inflation and trade cools, with attention turning to Federal Reserve guidance and economic data.

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 14, 2025. REUTERS/Brendan McDermid
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Overview

  • The S&P 500 and Nasdaq turned positive for the year earlier this week, supported by cooling April inflation and a 90-day pause in U.S.-China tariffs.
  • UnitedHealth shares dropped over 8% in after-hours trading following news of a DOJ investigation into potential Medicare fraud, adding to market uncertainty.
  • Tech stocks like Nvidia and Advanced Micro Devices led gains Wednesday, with the latter announcing a $6 billion stock buyback program.
  • Retail and healthcare sectors struggled, reflecting broader market fatigue after a strong start to the week.
  • Investors are now focused on Federal Reserve Chair Jerome Powell's comments and upcoming economic indicators to assess the sustainability of recent gains.