UNH Sparks 408-Point Surge for Dow Amid Fed Rate Cut Speculation

The US stock indexes closed higher after investors reacted to the ADP National Employment Report, which showed private-sector payrolls down 32,000 in November. The report supports the likelihood of a rate cut by the Federal Reserve. UnitedHealth Group was the top-performing Dow Jones stock after the launch of a single-stock ETF. The Dow Jones Industrial Average rose 0.9% to 47,882, while the S&P 500 and Nasdaq Composite gained 0.3% and 0.5%, respectively.