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Closing Bell: Tech Stock Rally Balances Out Health Care Selloff

June 18, 2023
in Trade Tube
Reading Time: 1 min read
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Stocks ended the Thursday trading day little changed after a surge in tech names balanced out a selloff in health care. Mobile payments processor Square (SQ) led industry giants Apple (AAPL) and Cisco (CSCO) higher after its successful market debut. A second buzzed-about float on Thursday also proved a success. Match (MTCH) opened for trading at $13.50 a share, nearly 13% higher than it priced. Match owns popular dating sites OKCupid and Tinder. UnitedHealth (UNH) dragged on the health care sector after issuing weak guidance and warning that it may exit its Obamacare plans. The health insurer reduced its earnings forecasts in a sign that insurance plans through public exchanges had hit its profits.

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