Dow drops over 500 points as UnitedHealth tanks, Fed tensions weigh on markets

American actions were mixed on Thursday while strong losses in Unitedhealth lowered the Dow below.

Investors have digested current trade tensions and signals from the federal reserve that interest rate reductions may not be imminent. The industrial average of Dow Jones dropped by 1.2%, or around 500 points, largely due to a 23% dive In Unitedhealth shares after the company has reduced its full -year profile forecasts.

The S&P 500 increased by 0.2%, supported by gains in sectors selected, while the Nasdaq composite rich in technology decreased by approximately 0.13%. Nvidia fell a second day after the United States has expanded restrictions on flea sales in China.

Trump against Powell

Market attention has remained on the president of the Fed Jerome Powell, warned Wednesday, higher prices could slow growth and push higher inflation.

Powell said the Fed would wait more clarity On trade policy before taking rate decisions, mitigating expectations for immediate rate declining.

President Trump replied By intensifying Powell’s criticisms, suggesting that “the termination of the Fed chair cannot come quickly enough” and would have discussed its possible replacement.

Adding to the uncertainty of the market, reports indicate that Trump had spoken with the former Fed governor Kevin Warsh, as a potential successor by Powell.

Elsewhere, the manufacturer of TSMC chips beat expectations with a 60% increase in net profit in the first quarter, thanks to the demand for IA chips. Investors also awaited the benefits of Netflix, considered as a light point of rare technology in the midst of a wider weakness in the sector.

Yields on the treasure at 10 years increased to 4.325%, and the US dollar has checked slightly.

The equity and bond markets will be closed Friday for Good Friday.

Bitcoin (BTC) temporarily exchanged above $ 85,000, but settled in the range of $ 84,600 at the time of the editorial staff.