These Were the Big S&P 500 Movers on Thursday

Advancers

• Eli Lilly (LLY) shares notched the S&P 500's top daily performance, surging 14.4% after the pharmaceutical giant released 澳洲幸运5官方开奖结果体彩网:pജromisi๊ng results from a clinical trial of its experimental oral weight-loss treatment. According to Lilly, the first in a series of Phase 3 trials revealed that orforglipron was more effective than a placebo at causing weight loss and reducing A1C, a long-term gauge of blood sugar levels. The company expects to seek Food and Drug Administration (FDA) approval next year for orforglipron as a type 2 diabetes treatment.
• Dollar Tree (DLTR) shares added 8.1% on Thursday. The stock trended higher in April, and analysts suggested that the discount retailer could be poised for strength amid the challenging macroeconomic backdrop. For instance, Citi 澳洲幸运5官方开奖结果体彩网:upgraded Dolꦆlar Tree stock last week, suggesting that the company could emerge as an unlikely beneficiary of broadly applied tariffs, with flexibility to raise prices without deterring too many customers and a track record of success during previous downturns.

• Crude oil futures prices pushed higher for the second straight day after the U.S. announced additional sanctions targeting Iran's oil business. The uptick in oil prices helped lift a variety of oil and gas stocks. Shares of exploration and production firm Diamondback Energy (FANG) gained 5.7%, while shares of oilfield services provider Halliburton (HAL) advanced 5.1%.

Decliners

• Shares of UnitedHealth plummeted 22.4% after the insurance giant reported lower-than-expected sales and profits for the first quarter. It was the heaviest decline in the Dow and the S&P 500. The company also 澳洲幸运5官方开奖结果体彩网:reduced its full-year profitౠ guidance. Other health insurance stocks also lost ground, with shares of Humana (HUM) falling 7.4%.
• Snap-On (SNA) shares sank 8.0% after the maker of hand tools and other professional equipment 澳洲幸运5官方开奖结果体彩网:missed quarterly sales and profit e🍃stimates. The company noted that the macroeconomic environment weighed on its performance, with the uncertain outlook making customers more reluctant to purchase financed goods.
• Global Payments (GPN) agreed to 澳洲幸运5官方开奖结果体彩网:acquire rival paym⛄ent processing firm Worldpay from current stakeholders Fidelity National Information Services (FIS) and private equity firm GTCR. Although Global Payments stressed the size and worldwide reach that will result from its combination with Worldpay, shares of the fintech firm plunged 17.4% on Thursday. FIS shares fared much better, jumping 8.7%.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Netflix Rises in Extended Trading on Strong Earnings

Netflix (NFLX) repಞorted first-quarter earnings that topped analysts’ expectations, sending shares higher in extended trading Thursday.

The streaming giant's revenue grew over 12% year-over-year to $10.54 billion, above the analyst consensus from Visible Alpha. Net income of $2.89 billion, or $6.61 per share, rose from $2.33 billion, or $5.28 per share, a year earlier, beating Wall Street’s projections. The period marked the first quarter Netflix did not report subscriber numbers.

Netflix shares were up a𒀰bout 3% in recent after-hours trading. They were up 9% for 2025 so far through Thursday’s close.

Netflix maintained its fiscal 2025 revenue projection of $43.5 billion to $44.5 billion. Analysts on average had expected $44.27 billion. The company's second-quarter revenue forecast of $11.04 billion exceeded Wall Street's estimate of $10.91 billion.

Earlier this week, Netflix executives reportedly said their goal is 澳洲幸运5官方开奖结果体彩网:to double the company’s $39 billion in revenue last year by 2030 and reach a market capitalization of $1 trillion. The streamer’s market cap currently stands at about $416 billion. This came after Morgan Stanley called the company a 澳洲幸运5官方开奖结果体彩网:“top pick” last week to withstand the current 澳洲幸运5官方开奖结果体彩网:tariff landscape.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

UnitedHealth Lost $120 Billion in Market Value Today

UnitedHealth Group (UNH) stock had one of its worst days ever on Thursday after the healthcare giant unexpect♈ed♒ly cut its profit forecast for the year. 

UnitedHealth stock fell more than 22% on Thursday, its biggest daily decline since 1998. Thursday marked the company’s 🐟fourth-worst day on Wall Street since going public in 1984. 

UnitedHealth’s precipitous drop 澳洲幸运5官方开奖结果体彩网:rippled through the stock market. Fellow health insurers Humana (HUM) and Elevance Health (ELV) dropped 7.4% and 2.4%, respectively. And UnitedHealth, 澳洲幸运5官方开奖结果体彩网:the priciest stock in the price-weighted Dow Jones Industrial Average, detracted an estimated 789 points from th♈e blue-chip index, which fell 1.3%; if UnitedHealth stock hadn’t moved at all today, the Dow would have risen 262 points, or 0.7%𝕴.

UnitedHealth’s slump erased about $120 billion off its 澳洲幸运5官方开奖结果体彩网:market capitalization, which puts it among the costliest stock routs of all time. It’s the kind of wealth-decimating drop that’s rarely seen outside of the tech sector, where corporate valuations are underpinned by growth expectations that can balloon and, in moments of crisis, pop. Meta (META), for 𓆉example, became the first company to lose more than $100 billion in a single day in 2018 after the company—then called Facebook—reported disappointing quarterly revenue.

In 澳洲幸运5官方开奖结果体彩网:defensive sectors like health care and consumer staples, companies usually lose that kind of market value over long periods of slow decline. Pharmacy giant Walgreens Boots Alliance (WBA) and cosmetics giant Estée Lauder (EL), for example, have each lost about $100 billion in value over the last 10 and 3 years, respectively, as they’ve strug♉gled with slumping sales. 

To be sure, UnitedHealth, with a $535 billion market cap, was the 14th largest company in the S&P 500 heading into Thursday’s session, giving it lots of market value to lose. Outside of the tech sector, only Berkshire Hathaway (BRK.B), Eli Lilly (LLY), Walmart (WMT), JPMorgan Chase (JPM), and Visa (V) were worth more before Thursday. Still, companies of UnitedHealth’s size often operate stable businesses that require a massive shock, like 🃏Covid-19, to suffer the kind of sell-off seen Thursday.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Major Indexes Post Losses for the Week

After turning in their biggest gains⭕ in more than a year last week, the major indexes lost ground this week.

The S&P 500 fell 1.5% during the shortened trading week—markets are closed tomorrow in observation of Good Friday—while the Dow and Nasdaq Composite gave up 2.7% and 2.6%, respectively. Last week, the Dow rose 5% and the S&P 500 added 5.7%, marking their best performances since November 2023. The Nasdaq's 7.3% gain last week was its biggest since late 2022.

So෴ far in 2025, the Dow and S&P 500 are down 8% and 10%, resp♈ectively, while the Nasdaq has lost nearly 16%.

Netflix Rises Ahead of Earnings Report

Netflix shares moved higher ahead of the streaming giant's scheduled earnings release this evening.

Netflix (NFLX) shares were up 1% at around $971 late in Thursday's session, bringing the stock's gains for the week to more than 5%. Bullish research notes and a Wall Street Journal artᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚicle discussing growth targets appear to have buoyed optimism in the streaming service. 

Traders will watch today’s earnings closely; options prices suggest the update may send Netflix’s 澳洲幸运5官方开奖结果体彩网:stock up or down by up to 8.5%.

Analysts have touted Netflix’s ability to withstand an economic downturn, with JPMorgan ൩澳洲幸运5官方开奖结果体彩网:describing it as the “most resilient” company it tracks. Netflix has also 澳洲幸运5官方开奖结果体彩网:attracted attention for its attempt to double its revenue and achieve a market capitalization of $1 trillion by 2030, which the Journal reported earlier this week.

Analysts ex♐pect Netflix to report $10.5 billion in first-quarter revenue, a 12% increase from a year earlier, according to consensus estimates from VisibleAlpha. They anticipate net income increasing 6% year-over-year to $2.47 billion, per VisibleAlpha. 

Netflix shares have been on an upwa♔rd trajectory for months, cl൲imbing nearly 60% in the past year.

-澳洲幸运5官方开奖结果体彩网:Sarina Trangle

Snap-on Sinks as Toolmaker Attributes Soft Q1 to 'Uncertainty'

Shares of Snap-on (SNA) fell sharply Thursday as its CEO attributed the toolmaker's weaker-than-expected resu♒lts for the first quarter to "heightened macroeconomic uncertainty."

The Kenosha, Wis.-based company reported quarterly earnings per share (EPS) of $4.51 on sales that fell 3.5% year-over-year to $1.14 billion, while analysts polled by Visible Alpha were expecting $4.78 and $1.20 billion, respectively. The firm's Tools Group segment posted sales of $462.9 million, down nearly 7%.

"Snap-on’s first quarter was marked by the heightened macroeconomic uncertainty of the day that led to mixed results across our operations," CEO Nick Pinchuk said. "As such, the grassroots economy, particularly the technician customers of the Tools Group, accelerated their reluctance to purchase financed products."

Snap-on stock sank over 7% in recent trading and was among the biggest decliners in the 澳洲幸运5官方开奖结果体彩网:S&P 500. Despite today's declines, shares are up about 8% over the past 12 months, slightly outperforming the S&P 50💯0 over that stretch.

-澳洲幸运5官方开奖结果体彩网:Aaron Rennie

The One Stock Behind the Dow's Drop Thursday

The 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average was down about 1% Thursday afternoon, and there was one stock that bore most of the blame: UnitedHealth Group (UNH). 

Shares of UnitedHealth plummeted more than 20% after the health insurer 澳洲幸运5官方开奖结果体彩网:cut 💜its full-year earnings forecast, citing higher-than-expected costs. Meanwhile, more than three-quarters of the 30 stocks in tꦏhe blue-chip Dow♓, one of the most commonly cited measures of U.S. stock market performance, were trading higher.

The Dow's dramatic underperformance on Thursday was a clear reflection of the index's unique methodology. The Dow is 澳洲幸运5官方开奖结果体彩网:price-weighted, meaning the stocks with the highest share prices have the most influence on the index's performance. The 澳洲幸运5官方开奖结果体彩网:S&P 500 and 澳洲幸运5官方开奖结果体彩网:Nasdaq Composite, on the other hand, are 澳洲幸运5官方开奖结果体彩网:capitalization-weighted indexes  that are more influenced by the companies wi❀th the highest market values, not thꦺe highest share prices. 

UnitedHealth Group, with a closing price of $585.04 yesterday, was the highest-priced stock in the Dow and thus its most influential component. Goldman Sachs (GS), which closed at $499.05 yesterday, is the only Dow stock with a share price within $1ꩵ00 of UnitedHealth's. (With UnitedHealth’s losses on Thursday, Goldman could finish the week 🎶as the Dow's heftiest stock.) 

Apple (AAPL), with a closing price of $194.27 yesterday, has a fraction of UnitedHealth's influence within the Dow. But the iPhone maker has 15 billion shares, and thus a market capitalization of🐬 nearly $3 trillion. UnitedHealth’s approximately 900 million shares put its market cap at Wednesday's close at $535 billion, meaning Apple stock has more than five times the weight in the S&P 500.

To be sure, UnitedHealth, the S&P 500's 14th-largest company heading into Thursday, still has a massive amount of influence within the S&P 500.

The selection committee that picks stocks for the Dow is cognizant of its peculiarities. Its price-weighted methodology, according to S&P Global, "has meant, over the years, that extremely high-priced stocks have not been included in The Dow." Investors often speculate that companies with high share prices 澳洲幸运5官方开奖结果体彩网:split their stock in part to increase their chances of joining the Dow. In recent years, Amazon (AMZN) and Nvidia (NVDA) have both been added to the Dow in relatively short order after 澳洲幸运5官方开奖结果体彩网:splitting their stocks, which had been trading at more than $1,00ܫ0 per share.

The Dow isn't the only index susceptible to hazardous imbalance. Earlier this year, the 澳洲幸运5官方开奖结果体彩网:Magnificent Seven—Apple, Microsoft (MSFT), Nvidia, Amazon, Alphabet (GOOG), Meta (META), and Tesla (TSLA)—accounted for about one-third of the S&P 500, an extreme level of concentration that 澳洲幸运5官方开奖结果体彩网:set off some inves💧tors' alarm bells

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

New Chip Exports Could Affect Far More Than Nvidia, AMD

Tech losses weighed on the major indexes Thursday, extending 澳洲幸运5官方开奖结果体彩网:yesterday's sell-off amid worriಞes that tightening restrictions on exports to China could have wide-reaching impacts.

The tech sector was the weakest performed in the 澳洲幸运5官方开奖结果体彩网:S&P 500 as shares of Nvidia (NVDA) dropped over 3% in recent trading, making it one of the leading decliners on the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average. The stock had tumbled close to 7% Wednesday after the chipmaker said it's 澳洲幸运5官方开奖结果体彩网:set to take a $5.5 billion charge due to new export curbs on th🐻e sale of its H20 chips to♚ China. 

Shares of Advanced Micro Devices (AMD), which also warned it would likely take a hit from new China export restrictions, slipped 1%. Broadcom (AVGO), Micron Technology (MU), and other semiconductor stocks were lower as well, along with shares of server maker and Nvidia partner Super Micro Computer (SMCI) and several other AI hardware makers.

"Rising AI restrictions are likely to impact other key AI-levered computing, networking and optical stocks (AVGO, AMD, MU, ARM, MRVL, COHR, LITE) and raise concerns around enhanced restrictions in other areas," Bank of America analysts said following the news from Nvidia.

Like 澳洲幸运5官方开奖结果体彩网:Morgan Stanley analysts, they added Nvidia's write-down indicates a "low probability of future licenses" to circumvent the🌳 new restrictions, and that AI diffusion rules set to take effect in May could further limit sales😼 of American AI hardware to a broader set of countries. 

Wedbush analysts told clients in a note Thursday, "We expect hardly any tech companies to 澳洲幸运5官方开奖结果体彩网:give guidance over the next month given this Twilight Zone backdrop. While the Nvidia news is concerning it's not a shock as we are in the middle of a 澳洲幸运5官方开奖结果体彩网:trade war between the US and China and expect more punches thrown by both sides before cooler heaꦅds prevail and negotiations in some form can begin to play out over the coming weeks/months."

-澳洲幸运5官方开奖结果体彩网:Kara Greenberg

Amex Tops Estimates as Consumers Continued Spending

澳洲幸运5官方开奖结果体彩网:American Express (AXP) on Thursday reported better-than-expected first-quarter results on�🐓� solid consumer spending.

The credit card giant reported first-quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $3.64 on revenue that rose 7% year-over-year to $16.97 billion. Analysts surveyed by Visible Alpha had expected $3.47 and $16.94 billion, respectively. Net interest income was $4.17 billion, just above the $4.10 bill💦ion consensus.

American Express CEO Stephen Squeri said the firm saw first-quarter consumer spending "consistent with and in many cases better than what we saw in 2024." The company affirmed its full-year outlook of 8% to 10% revenue growth and EPS of $15.00 to $15.50 "subject to the macroeconomic environment."

Sha♓res of the company were up slightly in early-afternoon trading T♔hursday, recovering from declines early in the session. They entered the day down about 15% so far this year.

澳洲幸运5官方开奖结果体彩网:Last week, Bank of America analysts upgraded the stock's rating to "buy," sayi💟ng the firm's "high-q♓uality customer base" would help it be more resilient in an economic turndown or recession.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

UnitedHealth Plunges as Company Slashes Profit Forecast

Shares of UnitedHealth Group (UNH) fell sharply Thursday after the healthcare giant's first-quarter results fell short of analysts' estimates and it cut its profit forecasts for 20𝕴25, amid rising costs associated with its Medicare business.

UnitedHealth reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $7.20 on revenue that rose 10% year-over-yea🌟r to $109.58 billio🧔n. Analysts polled by Visible Alpha had expected $7.25 and $111.46 billion, respectively.

The Eden Prairie, Minn.-based company lowered its 2025 EPS outlook to a range of $24.65 to $25.15 and its adjusted EPS projection to $26 to $26.50. 澳洲幸运5官方开奖结果体彩网:Last quarter, UnitedHealth said it expected to gen💦erate full-ye🧔ar EPS of $28.15 to $28.65 and adjusted EPS from $29.50 to $30.00.

UnitedHealth attributed the outlook cuts to "heightened care activity indications" in its Medicare Advantage business, and "unanticipated changes in the profile of Optum Health members impacting planned 2025 reimbursement."

CEO Andrew Witty said the company "did not perform up to our expectations, and we are aggressively addressing those challenges to position us well for the years ahead."

UnitedHealth shares were down 23% in recent trading, pushing the Dow Jones Industrial Average sharply lower. Shares of other health insurers including CVS Health (CVS), Humana (HUM), Elevance Health (ELV), and Centene (CNC) were drag🍰ged lower Thursday by the cost concerns.

UnitedHealth shares had entered the day up about 16% since the start of the year, recovering from a February slump 澳洲幸运5官方开奖结果体彩网:following a report that the U.S. Department of Justice was investigating the company's 💞diagnosing practices.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Eli Lilly Soars on Weight -Loss Pill Trial Results

Shares of Eli Lilly (LLY) jumped in early tradin💎g Thursday after the pharmaceutical compa൩ny released late-stage clinical trial results for its oral weight-loss drug that "demonstrated statistically significant efficacy results and a safety profile consistent with injectable GLP-1 medicines."

The first of seven 澳洲幸运5官方开奖结果体彩网:Phase 3 trials for orforglipron showed it was more effective than a placebo at causing weight loss and a reduction in A1C, a long-term bl🔥ood sugar metric used in evaluating diabetes treatments, Lilly said. ജ;The reductions in weight and A1C increased for patients taking higher doses of the drug.

The drug had similar gastrointestinal side effects to Eli Lilly's injectible weight-loss drugs Mounjaro and Zepbound, including nausea, indigestion, and diarrhea. The rate of patients reporting the side effects also varied among different doses, affecting 10% to 26% of patients.

Eli Lilly said it plans to present the data at a conference and in a peer-reviewed journal. Results from other trials for orforglipron will be released later this year, and the company expects to file for 澳洲幸运5官方开奖结果体彩网:Food and Drug Administration (FDA)&n🍌bsp; approval as a type 2 diabetes treatment in 2026.

Lilly, rival Novo Nordisk (NVO), and others are in development of new weight-loss treatments that can be taken orally rather than injected. Pfizer (PFE) 澳洲幸运5官方开奖结果体彩网:halted an oral drug trial earlier this week after a patient repo💟rted a liver injury.

Eli Lilly shares were up 14% in recent trading, leading S&P 500 gainers. Shares of Novo Nordisk, the maker of blockbuster drugs 澳洲幸运5官方开奖结果体彩网:Ozempic and Wegovy sank more than 7%.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Watch These Nvidia Levels After Wednesday's Plunge

Nvidia (NVDA) shares lost ground in early trading after falling nearly 7% Wednesday on news the 澳洲👍幸运5官方开奖结果体彩网:company♋ will take a $5.5 billion charge as a resꦦult of U.S. restrictions o𓆉n exports of its AI chips to China.

Nvidia shares have staged a modest recovery above this month’s low but have lost about a firth of their value since the start of the year as of Wednesday’s close amid uncertainty over Washington's 澳洲幸运5官方开奖结果体彩网:trade policies and 澳洲幸运5官方开奖结果体彩网:big tech AI spending.

After attracting buying interest near the lower trendline of a 澳洲幸运5官方开奖结果体彩网:falling wedge pattern last week, Nvidia shares ♔rallied sharply before running into selling pressure near the pattern’s top trendline.

It’s worth noting that although the stock fell sharply in Wednesday’s trading session, the price formed a doji, a candlestick patte🌟rn suggesting indecision between buyers and sellers.

Investors should watch key support levels on Nvidia's chart around $96 and $76, while also monitoring crucial resistance levels near $130 and $150.

Nvidia shares were down 1.3% at around $103 in recent t👍rading.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Major Stock Index Futures Mixed After Yesterday's Sell-Off

Futures tied to the Dow Jo𒐪🐻nes Industrial Average were down 1.4%.

S&P 500 futures rose 0.5%.

Nasdaq 100 futures were up 0.9%.