S&P 500 Market Update: Centene Downgrades Forecast, Health Insurance Stocks Decline

Reported about 18 hours ago

On July 2, 2025, the S&P 500 rose 0.5% to achieve a record close for the second time this week after a U.S.-Vietnam trade deal was announced. However, shares of health insurer Centene dropped 40% after it withdrew its full-year guidance due to increased patient illness and enrollment issues, dragging down other health insurance stocks. Meanwhile, Coinbase saw a 5.7% increase following its acquisition of token-management platform Liquifi, and Moderna shares rose after positive trial results for its flu vaccine. Mixed employment data further highlighted a softening labor market.

Source: YAHOO

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