Biggest S&P 500 Movers on Monday
31 minutes ago
Decliners
- Universal Health Services (UHS) shares plunged 10.2%, the most of any S&P 500 stock, after The Wall Street Journal reported that Republican officials interested in cutting costs could target Medicaid-related profits generated by hospital chains. According to the report, supplemental Medicaid payment programs accounted for more than half of Universal Health Services’ pretax revenue last year.
- Shares of asset management giant Blackstone (BX) dropped 7.8%. Although strength in private equity and credit helped the company top profit forecasts in Thursday’s quarterly earnings report, Blackstone CEO Stephen Schwarzman suggested that economic uncertainty could impinge on asset sales in the near term.
Blackstone CEO Stephen Schwartzman attends a meeting between Chinese President Xi Jinping and a group of foreign…
