S&P 500 Hits Record as Dollar Weakens | Closing Bell

Summary

U.S. equities closed mixed with the S&P 500 setting a record high as big tech outperformed, while the Dow lagged and health insurers plunged on disappointing Medicare Advantage payment rates. The dollar weakened sharply after President Trump said he was not concerned about its decline, and gold spiked. Texas Instruments and Seagate reported earnings after the bell with mixed reactions, and long-end Treasury yields rose with focus on the 30-year approaching 5%.

• S&P 500 closed at a record high, led by big tech; Dow and Russell 2000 were mixed.
• U.S. dollar fell sharply after Trump's comments on dollar weakness; gold spiked.
• Health insurers sold off on proposed flat Medicare Advantage payments and a 0.09% rate increase.
• Corning surged on a multiyear up to $6 billion AI data-center optical fiber deal with Meta.
• HCA Healthcare rose to a record close on better-than-expected guidance easing ACA subsidy concerns.
• Texas Instruments and Seagate reported after the close, with mixed market reactions.
• Long-end Treasury yields rose, with concern about the 30-year yield reaching 5%.