U.S. Stocks Steady Amid Weak Job Growth; UnitedHealth Group Up on Medicare Advantage Outlook
Major U.S. stock indexes showed minimal change following a weaker-than-expected job growth report that increased speculation about a possible Federal Reserve interest rate cut. UnitedHealth Group led gains with a positive outlook on its Medicare Advantage enrollment, projecting that 78% of members will be in top-rated plans next year. Shares of AI infrastructure and cloud platform companies Nebius Group and CoreWeave rose following strategic deals and initiatives with Microsoft and in AI innovation support.
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