Health-care companies fell after surprisingly weak earnings from one bellwether.

Shares of UnitedHealth Group shares plunged after the largest U.S. health insurer by enrollees reported a big jump in medical costs relative to revenue in the fourth quarter.

Americans are scheduling elective surgeries at a markedly increased rate following the end of the Covid-19 pandemic.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-12-24 1807ET