Dow Jones News: UnitedHealth Boosts Profits; Apple Price Target Raised on 5G Optimism
With the first phase of a trade deal between the U.S. and China set to be signed today, the Dow Jones Industrial Average (DJINDICES: ^DJI) reacted by rising sharply. The Dow was up 0.5% at 11:20 a.m. EST.
Contributing to that gain was UnitedHealth Group (NYSE: UNH), which reported strong earnings growth that beat analyst expectations. Shares of Apple (NASDAQ: AAPL) were also on the rise following a price target increase from an analyst optimistic about the tech giant's growth prospects.
Health insurance giant UnitedHealth reported mixed fourth-quarter results Wednesday morning, with revenue coming in short of analyst expectations. But an earnings beat driven by improving margins was enough good news to drive the stock 2.4% higher in morning trading.
Source Fool.com
