UnitedHealth, IBM Share Losses Lead Dow's 125-Point Drop
This article was automatically generated by MarketWatch using technology from Automated Insights.Dragged down by losses for shares of UnitedHealth and IBM, the Dow Jones Industrial Average is trading down Friday morning.The Dow was most recently trading 127 points, or 0.3%, lower, as shares of UnitedHealth and IBM have contributed to the blue-chip gauge's intraday decline.UnitedHealth's shares are down $5.72, or 1.6%, while those of IBM have fallen $4.06, or 1.4%, combining for an approximately 60-point drag on the Dow.Travelers , Nike , and Amazon.com Inc. are also contributing significantly to the decline.A $1 move in any of the Dow's 30 components results in a 6.15-point swing.Data source: Dow Jones Market Data, FactSet. Data compiled October 10, 2025.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
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The market had initially expected the US Federal Reserve to increase interest rates by two percentage points in March before the banking crisis erupted, and expectations were reduced to one percentage point. As expected, the Federal Reserve announced a one-percentage-point interest rate hike, causing the market to rise before falling at the end of the session. Although the rate hike should have stimulated the stock market, what did Powell say that caused concern in the market? Future rate hikes are a consensus Firstly, a one-percentage-point rate hike indicates the Federal Reserve's cautious stance towards the recent banking crisis. In addition, according to the interest rate dot plot, the Federal Reserve expects to raise rates only once this year. The tone has changed from "continued incr