American Airlines, UnitedHealth Group Stocks Plunge in 2025 Amid Market Downturn - Latest Updates & Prices
Discover why American Airlines, UnitedHealth Group, Chewy, and others saw sharp stock movements in mid-2025. Get insights on market trends, earnings reports, and key investment updates.
Bill McColl brings over 25 years of expertise as a senior producer and writer across TV, radio, and digital platforms, leading teams to cover major breaking news and market developments.
Market Highlights
- On May 29, 2024, the Dow Jones, S&P 500, and Nasdaq all experienced declines as airline and health insurance sectors faced pressure.
- American Airlines shares dropped significantly following lowered quarterly profit and revenue forecasts, coupled with the departure of Chief Commercial Officer Vasu Raja.
- UnitedHealth Group and other health insurers saw stock declines after warnings of disruption due to reduced Medicaid eligibility in several states.
The major U.S. stock indices dipped midday Wednesday, pressured by weakening airline and health insurance stocks that weighed on overall market performance.
Shares of American Airlines (AAL) fell sharply after the company revised down its profit and sales outlook for the current quarter and announced leadership changes.
UnitedHealth Group (UNH) and competing health insurers also faced sell-offs as the firm cautioned investors about upcoming challenges from state Medicaid eligibility cuts.
ConocoPhillips (COP) shares declined following its agreement to acquire Marathon Oil (MRO) for $22.5 billion including debt; Marathon Oil's shares surged on the deal.
Abercrombie & Fitch (ANF) posted record-high stock prices after reporting strong sales growth across brands and regions, alongside an upward revision of its guidance.
Chewy (CHWY) shares soared after exceeding earnings and sales expectations and unveiling a new stock buyback program supported by increased automatic delivery sales.
Dick’s Sporting Goods (DKS) saw stock gains as it beat profit and sales forecasts, benefiting from increased customer spending in stores.
Oil and gold futures declined while the 10-year U.S. Treasury yield rose. The U.S. dollar strengthened against the euro, pound, and yen. Most major cryptocurrencies traded lower.
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