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UnitedHealth Group (UNH), the largest health insurance company in the United States, suffered a sharp market sell-off, plunging 19% intraday on May 15 and finally closing down 10.93%.
Alibaba (HK: 9988) experienced a significant drop on Friday, falling 5.4% during the Hong Kong trading session, with shares hitting a low of HK$120.30.
Apple reported Q2 FY25 revenue of $95.4 billion and net income of $24.8 billion, with Services contributing 28% of total sales and 45% of gross profit—showcasing its margin supremacy.
A significant reduction in tariffs between the U.S. and China has weakened gold’s safe-haven appeal, driving prices lower. Citibank warns of further downside risks.
Following the conclusion of U.S.-China tariff negotiations, risk assets such as U.S. equity futures and oil prices surged in response, cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) reacted with declines.