Market Turmoil as Dow Futures Drop Sharply

The Dow Jones Industrial Average experienced a significant downturn, dropping over 600 points in Thursday's premarket trading. This dramatic shift was largely fueled by a steep decline in UnitedHealth Group's stock, which fell more than 20% following disappointing quarterly earnings and a reduced full-year forecast.

UnitedHealth's Worst Day Since 1998

UnitedHealth Group's shares are facing their most challenging day in over two decades, marking the worst performance since 1998. This downturn has not only shaken investor confidence but also exerted downward pressure on the broader market.

Mixed Movements Across Major Indices

While the Dow plummeted 1.52%, or 607 points, by 7:40 am ET, the Nasdaq 100 showed resilience, gaining 0.73% shortly after. Similarly, the S&P 500 managed a modest increase of 0.50%, showcasing a mixed response across major indices to the day's market developments.