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Stocks Climb in Choppy Session as Fed, Greece Cause Jitters

July 8, 2023
in Trade Tube
Reading Time: 1 min read
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There were more signs of consolidation in the health care sector as UnitedHealth (UNH) reportedly approached Aetna (AET) about a takeover deal worth more than $40 billion. That comes a day after Cigna (CI) was reportedly approached by Anthem (ANTM). Stocks were nervously higher in choppy trading as the Federal Reserve and Greece triggered investor jitters. Fed members convene for their two-day meeting today, while a compromise between Greece and its creditors looks less likely ahead of a round of negotiations this Thursday. Gap (GPS) was nearly 1% higher after the retailer said it will shut 175 locations in North America over the next few years.

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