The stock market experienced a mixed session today as major indexes moved in different directions. The S&P 500 reached an all time high driven by strength in technology and growth stocks. Investors remain focused on a busy earnings week with several high profile companies reporting their quarterly results. The Nasdaq also saw gains reflecting optimism in the technology sector.
In contrast the Dow Jones Industrial Average fell as UnitedHealth, a key component of the index, reported weaker than expected revenue and guidance. The stock dropped sharply causing a drag on the overall Dow performance. Other health insurance companies also faced pressure due to forecasts for minimal increases in Medicare Advantage payments.
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