CNBC | Thursday, April 17, 2025 
S&P 500 rises as investors claw back losses; Dow drops 400 points on UnitedHealth plunge: Live updates

The S&P 500 advanced in choppy trading on Thursday, the last trading day of the week, as traders looked to mitigate recent declines. The broad index last traded 0.3% higher after swinging between gains and losses earlier in the trading day. The Nasdaq Composite ticked down 0.1%, also flickering above and below its flatline. But the Dow Jones Industrial Average shed 473 points, or 1.2%, driven by a 23% decline in UnitedHealth following the insurer’s earnings miss. All three indexes are coming off back-to-back losses. Nvidia retreated nearly 3% on Thursday, building on its drop of nearly 7% in the previous session. The artificial intelligence darling on Tuesday disclosed a quarterly charge of about $5.5 billion tied to exporting its H20 graphics processing units, or GPUs, to China and other destinations due to U.S. export controls. While UnitedHealth and Nvidia weighed on the market, other well-known stocks provided upward momentum. Eli Lilly surged 16% after delivering positive trial results for a weight-loss pill. Netflix popped nearly 2% ahead of the streaming giant’s earnings report. Stocks took a leg up on Thursday afternoon after President Donald Trump said he expects trade deals to be reached with China and the European Union. That comes a day after Federal Reserve Chair Jerome Powell spooked investors by saying Trump’s tariff policies could drive up inflation in the near term and cause challenges for the central bank…Read more