Stock Market Update
21-Apr-25 14:30 ET
S&P 500 slips 3.3% as UHS, Vistra, and Blackstone weigh; Discover rallies on Capital One deal approv
Dow -1233.03
at 37909.20,
Nasdaq -571.14
at 15715.30,
S&P -172.43
at 5110.29
[BRIEFING.COM] The S&P 500 (-3.26%) is in second place on Monday afternoon.
Briefly, S&P 500 constituents Universal Health (UHS 155.53, -19.27, -11.02%), Vistra Corp. (VST 104.50, -10.92, -9.46%), and Blackstone (BX 120.26, -10.13, -7.77%) dot the bottom of the standings. UHS is pressured alongside hospital peers after a WSJ story out over the weekend suggested certain cuts to Medicaid would impact the company's operations, while VST dips after a Wells Fargo note suggested AWS had paused some colocation leasing talks, signaling near-term hyperscale slowdown, while BX losses may be attributed to reports that China is planning on pulling back from US private equity investments.
Meanwhile, Discover Financial Services (DFS 164.43, +4.80, +3.01%) is atop the average, higher after Capital One (COF 164.36, +1.59, +0.98%) received final regulatory approvals for acquisition of Discover.
