UnitedHealth Group surprises investors with what its CEO said was an "unusual and unacceptable" quarterly earnings miss, and lowers its outlook for the full year due to higher-than-expected medical costs, sparking a more than 20% selloff in shares that reverberated across the sector.

UnitedHealth Group Chief Executive Andrew Witty stepped down suddenly on Tuesday, the company said, as it suspended its 2025 forecast due to surging medical costs, sending its shares plunging more than 11% in morning trading.

Por MICHELLE CHAPMANEl director general de UnitedHealth, Andrew Witty, dejará su cargo por razones personales y la aseguradora de salud más grande del país suspendió su

The Dow Jones Industrial Average looked set to open in the red Tuesday after one of its 30 components named a new CEO and suspended its guidance. The blue-chip index was on track to open down 140 points.

XLV is sharply underperforming SPY. - Healthcare, long seen as a defensive play relatively insulated from economic swings, is starting to look vulnerable.