Dow Jones Crashes 400 Points: Insurance Stocks, UnitedHealth Earnings Blamed

• Dow Jones Industrial Average fell over 400 points, while S&P 500 hit a new record high and Nasdaq Composite rose.
• The significant decline in Dow Jones was primarily driven by insurance sector stocks, notably UnitedHealth Group.
• UnitedHealth Group's shares plummeted nearly 20% due to weak quarterly results and projected earnings decline for 2026, wiping out $55 billion in market cap.
• Other insurance companies like CVS Health and Humana also saw substantial drops (11-22%).
• The US dollar continued to weaken, reaching its lowest level since February 2022, benefiting precious metals like gold and silver.

Why It Matters: Dow Jones' 400-point crash was mainly due to a sharp fall in insurance stocks, especially UnitedHealth.