The US stock market is showing mixed trends ahead of the market opening, with the Dow Jones Industrial Average futures falling 0.4% due to a plunge in UnitedHealth Group’s premarket trading. The S&P 500 futures are flat after pulling back from record highs, while Nasdaq futures have gained 0.3%.
UnitedHealth Group’s stock has plunged 10% in premarket trading following a Wall Street Journal report that the US Department of Justice is investigating its Medicare billing practices. This news has also impacted other major insurance providers, with Humana and Cigna Group stocks down 5% and 2%, respectively.
Meanwhile, Tesla may be interested in investing in Nissan’s US factories as part of a strategic investment, according to a Japanese business group. However, this proposal faces an uncertain future.
On the other side of the world, Alibaba Group’s stock is up 4% in premarket trading after GameStop CEO Ryan Cohen increased his stake in the company to approximately $1 billion.
In addition, energy-drink company Celsius Holdings reported stronger-than-expected revenue and announced an acquisition of rival brand Alani Nu for $1.8 billion, leading to a 30% surge in its stock price.
The market is closely watching developments such as earnings, economic data, and global trends, which will shape the session ahead.
Source: https://economictimes.indiatimes.com/news/international/us/5-things-to-know-before-the-stock-market-opens-friday-21-feb-2025-unitedhealth-alibaba-tesla-celsius/articleshow/118455436.cms?from=mdr