The Dow Jones Industrial Average DJIA, +0.13% broke through 23,000 for the first time in intraday trade Tuesday, and remained in positive territory in midday trade, but broader market internal readings are decidedly negative. The number of declining stocks outnumbered advancers by a 1,529-to-1,204 score on the NYSE and by a 1,344-to-1,162 margin on the Nasdaq exchange. And declining volume was 58.0% of total volume on the Big Board and 53% of total volume in the Nasdaq. Even within the Dow, 21 of 30 components are declining, but the Dow was still up 18 points. It was up as much as 45.24 points earlier at an all-time intraday high of 23,002.20 earlier. The Dow was up Tuesday, primarily because of the $9.42, or 4.9%, gain in UnitedHealth Group Inc.'s stock UNH, +6.25% after better-than-expected earnings, which added about 65 points to the Dow's price.
DJIA
+29.66 +0.13%
UNH
+12.08 +6.25%
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MARKETWATCH
At the beginning of this year United Healthcare rejected membership under the Affordable Health Care Act.
While the government is quite able to force defenseless individuals into contracting with private vendors, the Companies, which gladly take their money, will not do so if there is not enough profit margin.
We can be fairly sure Humana, Aetia, and Anthem/ Blue cross will follow United Healthcare's example in the coming year.
I have said this before, and here again, if the government is determined to make some king of healthcare provision available for those who cannot purchase it from private vendors, then they will have to create it as a government plan and collect taxes for it.
DJIA
+29.66 +0.13%
UNH
+12.08 +6.25%
MARKETWATCH
PARTNER CENTER
MOST POPULAR
Vanguard’s boss has a warning for a market that’s hellbent on Dow 23,000
The scary thing Hollywood does when it runs out of reboots
These stocks have popped more than 75% since Trump was elected
The moment of truth for U.S. stocks will take place in the next two weeks
Here's the real reason why U.S. health care is so expensive
MARKETWATCH
At the beginning of this year United Healthcare rejected membership under the Affordable Health Care Act.
While the government is quite able to force defenseless individuals into contracting with private vendors, the Companies, which gladly take their money, will not do so if there is not enough profit margin.
We can be fairly sure Humana, Aetia, and Anthem/ Blue cross will follow United Healthcare's example in the coming year.
I have said this before, and here again, if the government is determined to make some king of healthcare provision available for those who cannot purchase it from private vendors, then they will have to create it as a government plan and collect taxes for it.