CNBC Business News Update Market Close: Stocks Mixed, S&P 500 Index Closes At New All Time High, Consumer Confidence Plunges To A 12 Year Low 1/27/26
Jan 27, 2026
A market wrap covering major index moves and notable stock winners and losers. Discussion of Medicare Advantage payment news hitting health insurers. A silver rally and record gold are examined alongside volatility risks. Conference Board data shows a sharp drop in consumer confidence. Reports on UPS job cuts, rising contract cancellations for homebuyers, and soaring beef prices at restaurants.
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S&P Reaches Record Amid Mixed Market Moves
- The S&P 500 hit a new record high even as markets were mixed across sectors.
- The Dow fell sharply while the Nasdaq and S&P showed gains, signaling uneven market leadership.
Big Stock Moves Drove Divergent Index Performance
- UnitedHealth's nearly 20% drop weighed heavily on the Dow's decline.
- Other large-cap winners pushed the S&P and Nasdaq higher, creating a split-market dynamic.
Medicare Announcement Hits Insurer Stocks
- Healthcare insurers plunged after the White House signaled minimal Medicare Advantage payment increases.
- The move triggered broad declines in UnitedHealth, Humana, and CVS Health shares.