Top Stock Movers – May 21, 2025
U.S. equity markets showed mixed results at midday Wednesday, as investors closely followed developments on Capitol Hill regarding a Republican-backed tax cut and spending proposal that could face a vote in the coming days.
The Dow Jones Industrial Average and S&P 500 edged lower, while the Nasdaq Composite gained ground, supported by a rebound in select tech names.
UnitedHealth Plunges on Controversial Report
Shares of UnitedHealth Group (UNH) dropped sharply after a report alleged the healthcare giant secretly compensated nursing homes to discourage hospital transfers for patients. The news sent shockwaves through the sector and weighed heavily on the Dow.
Wolfspeed Tumbles on Bankruptcy Fears
Semiconductor company Wolfspeed (WOLF) saw its stock plummet following reports that it may be preparing to file for bankruptcy in the coming weeks. The report fueled investor concerns about the company's financial stability.
Alphabet Recovers on AI Announcement
Tech heavyweight Alphabet (GOOGL) rebounded after a steep selloff on Tuesday. The rally followed the unveiling of its new artificial intelligence-powered search tool, which analysts say could enhance the company’s long-term growth prospects.
Other Notable Movers
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Fair Isaac (FICO) declined for a second consecutive session amid scrutiny from a federal housing official, who raised concerns about the firm's pricing structure and voiced support for more affordable credit scoring options.
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Keysight Technologies (KEYS) rallied after the electronic measurement company posted better-than-expected earnings. Revenue growth was driven by strong demand from the commercial communications, aerospace, and defense sectors.
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Toll Brothers (TOL) advanced as the luxury homebuilder reaffirmed its guidance, with CEO Douglas Yearley expressing confidence in long-term housing demand despite broader market softness.
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