Dow Soars on UnitedHealth Rally While S&P 500, Nasdaq Stumble as Rate-Cut Hopes Fizzle
Wall Street's split personality is on full display today. The Dow Jones Industrial Average charges toward record highs—fueled by a UnitedHealth rocket—while the S&P 500 and Nasdaq eat dust as traders ditch rate-cut fantasies.
The bulls and bears are playing tug-of-war with your portfolio. One heavyweight healthcare stock is single-handedly propping up the Dow, proving once again that index investing is just a fancy way to gamble on sector rotations.
Meanwhile, the 'Magnificent Seven' tech stocks are looking decidedly mortal today. The Nasdaq's bleeding out as bond traders finally admit the Fed isn't their personal ATM. Who knew free money couldn't last forever?
Here's the kicker: this market doesn't know if it's coming or going. UnitedHealth's moonshot proves there's still dumb money chasing 'safe' blue chips, while the tech wreck shows smart money's getting nervous. Place your bets—the casino stays open till 4pm EST.