Wall Street was mixed with low volumes of trading Friday as major U.S. markets struggled to end in positive territory for the week, the Associated Press reports. Futures for the S&P 500 were virtually unchanged before the bell, while futures for the Dow Jones Industrial Average fell 0.3%, and Nasdaq futures rose 0.3%. Only the S&P is in the green this week, and just barely.
Rivian slid 3.8% after the electric truck maker issued weaker-than-expected guidance, despite posting a smaller loss and stronger fourth-quarter sales than Wall Street expected.
UnitedHealth Group tumbled more than 8.6% in premarket after the Wall Street Journal reported that the U.S. Department of Justice is investigating the health care giant’s Medicare billing practices. The report published Friday referred to the DOJ’s action as a “civil fraud investigation.”
Shares of other big pharmacy benefits managers also fell, with CVS down 3.5% and Cigna off a little more than 2%.
Booking.com rose 2.1% after the online travel company and owner of Priceline beat sales and profit forecasts and authorized another $20 billion share buyback.
Benchmark U.S. crude fell 62 cents to $71.86 per barrel. Brent crude, the international standard, lost 59 cents to $75.89 per barrel.
In currency trading, the U.S. dollar rose to 150.38 Japanese yen from 149.53 yen.
