The Dow Jones Industrial Average is experiencing a historic losing streak, with UnitedHealth being the primary driver. Investors are shifting away from cyclical stocks, and concerns about a weaker economy are adding to the pressure.
The Dow Jones Industrial Average has been experiencing a significant decline, with UnitedHealth being the biggest contributor. Investors are rotating out of cyclical stocks , those that typically benefit from a strong economy, which initially surged following Trump's reelection. These stocks, including consumer discretionary and industrial names, are down at least 5% in December.
A sell-off in pharmacy benefit managers, spurred by President-elect Donald Trump's vow to disrupt the industry, has also impacted UnitedHealth, causing it to plummet 20% this month. While the Dow's sell-off coincides with concerns about a weaker economy, investors remain optimistic about the long-term economic outlook. The price-weighted nature of the Dow, which gives more weight to stocks with higher prices, may be exaggerating the decline
Dow Jones Unitedhealth Cyclical Stocks Economy Pharmacy Benefit Managers
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