Markets Mixed Amid Healthcare Turmoil and Trade Tensions
- NexxtGen Markets
- Apr 18
- 2 min read
Here's your latest update from the team at NexxtGen Markets here in the City of London 🇬🇧
📊 Market Recap – Thursday, 17 April 2025
Global equity markets exhibited mixed performances on Thursday, influenced by sector-specific developments and ongoing trade tensions.
S&P 500: Closed at 5,282.70, up 0.13% 📈
Dow Jones Industrial Average: Fell to 39,142.23, down 1.33% 📉
Nasdaq Composite: Slightly decreased to 16,286.45, down 0.13% 📉
The Dow's decline was primarily driven by a significant drop in UnitedHealth Group's shares, which fell 22.4% following a disappointing earnings report. This marked the company's worst performance since 1998 and had a substantial impact on the index due to its high weighting.
🏥 Healthcare Sector Faces Challenges
The healthcare sector faced notable challenges:
UnitedHealth Group: Shares plummeted 22.4% after the company issued a weaker-than-expected profit forecast, citing higher-than-anticipated care costs for Medicare Advantage customers.
CVS Health and Humana: Both companies experienced declines in their stock prices, reflecting broader concerns within the healthcare industry.
🪙 Gold Nears Record Highs Amid Market Uncertainty
Gold prices approached record highs, trading at $3,341.30 per ounce. Investors sought safe-haven assets amid market volatility and economic uncertainty.
🛢️ Oil Prices Fluctuate with Demand Concerns
Oil prices experienced fluctuations:
Brent Crude: Traded around $67.85 per barrel.
WTI Crude: Hovered near $64.68 per barrel.
The volatility reflects ongoing concerns about global demand and supply dynamics.
💵 U.S. Dollar Shows Tentative Recovery
The U.S. dollar index exhibited signs of stabilisation, rising slightly against the euro and yen after a sharp selloff. However, investors remain cautious due to ongoing trade tensions and potential impacts on the global economy.
🇬🇧 UK Economic Indicators Reflect Mixed Signals
In the UK, wage growth remains robust at 5.9%, despite a decline of 78,000 payrolled jobs in March. The Bank of England is anticipated to continue gradual interest rate cuts in response to these mixed signals and global trade uncertainties.
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