It was an up-and-down day on Wall Street dominated by headlines of the Square (SQ) and Match Group (MTCH) IPOs and sliding health care stocks. The latter came after UnitedHealthcare suggested it may exit the Obamacare exchanges, citing losses in that part of its business.
Winner and losers
It wasn't just UnitedHealthcare (UNH) that dipped lower in that sector. Names like Aetna (AET) and Cigna (CI) followed suit. In addition, sliding crude prices continue to put pressure on energy names like Chesapeake (CHK) as well. As for the biggest gainers, names like Kuerig Green Mountain (GMCR), J.M. Smucker (SJM) and Salesforce (CRM) were all up on solid earnings news.
El-Erian weighs in
Mohamed El-Erian, chief economic adviser at Allianz and chairman of President Obama's Global Development Council joins us today for a wide-ranging interview on the market, the economy, the Fed and more. Check out the video above for more.
Coming up tomorrow
- Riding high on the approval of the Trans-Pacific Partnership or TPP, President Obama continues his tour of major world meetings in Kuala Lampur for the Association of Southeast Asian Nations summit.
- The Hunger games franchise wraps up with the release of Mockingjay Part 2. We'll take a closer look at the success of the franchise that to date has brought in billions of dollars in box office receipts, licensing and books sales.
- And we'll introduce you to a young man born and raised in Beirut who caught the eye of one of silicon valley's biggest backers.