01/27/2026
Dow Jones Today: Major Stock Indexes Mixed on Busy Earnings Day; UnitedHealth Weighs on Dow; Chip Stocks Power Nasdaq, S&P 500
Major stock indexes were mixed Tuesday as several big-name companies reported quarterly results. Chip stocks advanced but shares of health insurers sank following a report that the Trump administration is proposing barely raising Medicare Advantage payment rates.
The tech-heavy Nasdaq and benchmark S&P 500 rose 0.9% and 0.5%, respectively, with the S&P 500 approaching its all-time intraday record of 6986 set on Jan. 12. However, the blue-chip Dow Jones Industrial Average fell 0.9%, or about 400 points, dragged by UnitedHealth Group (UNH) shares.
Yesterday, the three indexes finished higher, with the Dow adding more than 300 points, to begin a busy week of tech earnings and the Federal Reserve's decision on interest rates.
UnitedHealth Group (UNH) stock sank 19% after The Wall Street Journal reported that the Centers for Medicare and Medicaid Services proposed raising Medicare Advantage payment rates by just 0.09%, well below expectations. UnitedHealth also issued a soft fiscal 2026 revenue projection along with fiscal fourth-quarter results that mostly met estimates.
Other health-insurer stocks sank, with Humana (HUM) dropping 19% and Centene (CNC), Elevance Health (ELV), and CVS Health (CVS) down more than 10% apiece.
However, chip stocks were rising in early trading. Micron Technology (MU) shares were up 5% after it broke ground on an advanced wafer fabrication facility in Singapore, where it plans to invest $24 billion amid strong demand for its memory chips. Shares of Intel (INTC) and Taiwan Semiconductor Manufacturing Co. (TSM) rose roughly 3% and 2%, respectively.
In post-earnings moves, General Motors (GM) and United Parcel Service (UPS) shares were up a respective 9% and 2.5%, while those of American Airlines (AAL) and Boeing (BA) slipped 3% and 2%, respectively.
Microsoft (MSFT), Meta Platforms (META), and Tesla (TSLA) are slated to report results after the bell Wednesday—a day that will also see the Federal Reserve announce an interest-rate decision—while fellow Magnificent Seven firm Apple (AAPL) is set to do so after markets close Thursday. Shares of Microsoft and Apple were up less than 2%, while those of Meta and Tesla were little changed.