LIVE Trump Treasury secretary nominee Scott Bessent's confirmation hearing Euronext - Delayed Quote • EUR (NO91V.NX) Follow Compare 0.5500 +0.2110 +(62.24%) At close: December 6 at 6:30:00 PM GMT+1 Related News Stock market today: Dow, S&P 500, Nasdaq waver amid earnings rush, Bessent confirmation hearing Investors are looking to more big bank earnings and fresh retail sales data to help keep the rally going. AI watch: As his presidency winds down, Joe Biden aims to preserve the US lead over China President Joe Biden’s final days in office were all about cementing the United States’ well established lead over China in the market for artificial intelligence. UnitedHealth misses Q4 revenue forecast, medical cost challenges UnitedHealth Group (UNH) reported weaker-than-expected fourth quarter revenue due to weakness in its health insurance unit and soaring medical costs. Morning Brief hosts Brad Smith and Seana Smith discuss the company’s underperformance, while also citing challenges it has faced in the wake of UnitedHealthcare CEO Brian Thompson's assassination on December 4, 2024; the stock price has fallen by nearly $100 since then. Despite this, UnitedHealth remains committed to bettering healthcare accessibility and anticipates growth in 2025. Follow Yahoo Finance's recent reporting on the US healthcare system and the health insurance industry's reaction to Thompson's killing: The healthcare 'barriers' that made this fmr. insurance exec. walk awayBipartisan lawmakers appear 'aligned' on PBM, insurance reformHealthcare concerns rise as insurers deny patient claimsUnitedHealth Group CEO calls healthcare system 'flawed' in NYT letterHealth insurance industry 'laying low' in aftermath of UnitedHealthcare CEO shootingUS has a 'sickcare system,' not a healthcare system: Anomaly CEOHow to fix the health insurance industry everybody seems to hateUnitedHealthcare exec shooting is 'a wake-up call for the industry': Oscar Health CEOUS healthcare industry 'is now broken,' Oscar Health CEO explains To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch Bessent hearing, Bank of America, retail sales: What to Watch Market Domination Overtime anchors Julie Hyman and Josh Lipton outline critical market events to watch for tomorrow, Thursday, January 16. Treasury Secretary nominee Scott Bessent will face the Senate for his confirmation hearing at 10:30 a.m. eastern time, continuing the series of Cabinet confirmation proceedings for President-elect Donald Trump's administration. The financial sector is in focus with Bank of America (BAC), Morgan Stanley (MS), and US Bancorp (USB) scheduled to report earnings. Additionally, chip giant Taiwan Semiconductor Manufacturing Company (TSM) and healthcare leader UnitedHealth Group (UNH) will also release their quarterly reports. Investors will also receive December's retail sales report, providing insights into consumer spending patterns and overall economic health. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith UnitedHealth Group Reports Robust 2024 Financial Results, Sets Ambitious 2025 Outlook UnitedHealth Group Demonstrates Resilience in 2024, Eyes Strong Growth for 2025 Why UnitedHealth Stock Was Pulling Back Today Shares of UnitedHealth Group (NYSE: UNH) were pulling back Thursday after the company delivered underwhelming fourth-quarter results, as sales were weaker than expected and its costs rose. Revenue in the quarter rose by 6.8% to $100.8 billion, which missed the analysts' consensus estimate of $101.7 billion. In its insurance division, UnitedHealthCare, revenue rose 4.7% to $74.1 billion as it added millions of customers during the year, continuing to expand its base. Magnificent Seven Stocks: Nvidia Reverses Lower; Apple, Meta, Tesla Slide Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2024 with solid gains. Due to their outsized market capitalizations, Magnificent Seven stocks hold a disproportionate influence on the market-cap weighted Nasdaq composite and S&P 500 indexes. Target's Apparel Performance Provides Optimism, Analyst Favors Top End Of EPS Outlook JP Morgan analyst Christopher Horvers reiterated the Neutral rating on Target Corporation (NYSE:TGT). The company reported a 2.8% increase in holiday sales during the November and December period. The company saw comparable sales rise 2% and solid sales during the Black Friday and Cyber Monday promotions. The increase was fueled by a nearly 3% rise in traffic, positively impacting both in-store and online channels. According to the analyst, the +2% growth suggests a weather shift from the third Update: Symbotic's Shares Jump After Deal to Acquire Walmart's Advanced Systems, Robotics Business (Updates with the stock price movement in the headline and the first paragraph.) Symbotic (SYM) s Holiday Sales Top Expectations With a 4% Increase Target is also feeling more bullish on the fourth quarter, with a “meaningful acceleration” in fashion. Top Midday Gainers Biomerica (BMRA) said Thursday that the United Arab Emirates Ministry of Health and Prevention appro Phio Pharmaceuticals Announces $1.83 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules Marlborough, Massachusetts--(Newsfile Corp. - January 16, 2025) - Phio Pharmaceuticals Corp. (NASDAQ: PHIO), a clinical-stage biotechnology company that develops therapeutics using its INTASYL® siRNA gene silencing technology to make the body's immune cells more effective in killing cancer cells, today announced that it has entered into definitive agreements for the purchase and sale of an aggregate of 610,000 shares of its common stock at a purchase price of $3.00 per share in a registered ... ASML Holding N.V. (ASML): Powering the AI Revolution with Cutting-Edge Lithography Technology We recently compiled a list of the 20 Best Artificial Intelligence (AI) Stocks to Buy According to Analysts. In this article, we are going to take a look at where ASML Holding N.V. (NASDAQ:ASML) stands against the other AI stocks. Consumer Electronics Show (CES) 2025 revolved around AI. If not, it’s all that exhibitors could show. Talking […] Is Applied Materials (AMAT) the Best NASDAQ Dividend Stock to Buy? We recently published a list of 15 Best NASDAQ Dividend Stocks To Buy. In this article, we are going to take a look at where Applied Materials, Inc. (NASDAQ:AMAT) stands against other best NASDAQ dividend stocks to buy. The NASDAQ, heavily comprised of technology stocks, has been on a consistent upward trajectory for some years. […] The Stock Market Is Wavering. Big Tech and UnitedHealth Are a Drag. The Dow briefly turned higher in Thursday afternoon trading, but Big Tech and UnitedHealth Group are still weighing on the major indexes. The Dow was down 5 points, or pretty much flat. The S&P 500 was little changed, while the Nasdaq Composite fell 0. Why Taiwan Semiconductor Stock Was Climbing Today Shares of Taiwan Semiconductor Manufacturing Corporation (NYSE: TSM) were moving higher Thursday after the world's largest contract chip manufacturer posted better-than-expected results in its fourth-quarter earnings report. TSMC has been a big winner amid the AI boom and a broader recovery in the chip sector, and that momentum continued in the fourth quarter. Revenue in the period jumped 38.8% to $26.9 billion, topping analysts' consensus estimate of $26.3 billion. Top Stock Movers Now: Morgan Stanley, KLA, UnitedHealth Group, Target, and More Major U.S. indexes were little changed at midday Thursday after Wednesday's big gains powered by strong bank earnings and a softer-than-expected inflation report. Is Apple Inc. (AAPL) the Best NASDAQ Dividend Stock to Buy? We recently published a list of 15 Best NASDAQ Dividend Stocks To Buy. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other best NASDAQ dividend stocks to buy. The NASDAQ, heavily comprised of technology stocks, has been on a consistent upward trajectory for some years. In […] SoFi Stock Pops on $525 Million Personal Loan Deal. It Shows ‘Continued Demand.’ The agreement closed in the fourth quarter of 2024 with funds and accounts managed by PGIM Fixed Income. Target’s Holiday Sales Were Strong. The Stock Is Still Falling. While Target reported strong holiday sales on Thursday, it wasn’t enough to give the stock a boost. The retail chain said sales increased 2% on a comparable basis in the last two months of 2024 from a year earlier, while overall sales rose 2.8%. Compared with the third quarter, Target said, there was a “meaningful acceleration” in sales of discretionary products such as clothing and toys.