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S&P 500 Gains and Losses Today: Las Vegas Sands Soars; Molina Healthcare Falls as Medical Costs Mount
Investopediaยท2025-10-23 20:55

Core Insights - Las Vegas Sands experienced a significant stock increase of 12.4% after reporting better-than-expected revenue and adjusted earnings per share for Q3, attributed to recent investments in Macau and Singapore properties [5][9] - Molina Healthcare's stock fell 17.5% due to rising medical costs, particularly in government-sponsored plans, leading to a lowered annual profit forecast for the third time this year [10][9] Market Performance - Major U.S. equity indexes rose, with the S&P 500 gaining 0.6%, the Dow up 0.3%, and the Nasdaq increasing by 0.9%, driven by surging oil prices and a rebound in tech stocks [3] - Dow reported a narrower-than-expected loss despite missing net sales estimates, resulting in a 13% increase in its shares due to cost-cutting measures and new asset contributions [4] Sector Highlights - West Pharmaceutical Services saw a 10.9% increase in shares after surpassing earnings estimates and raising its full-year sales and profit outlook, driven by strong demand for components in GLP-1 treatments [6] - Oil prices surged following U.S. sanctions on Russia's largest oil companies, positively impacting exploration and production firms like APA Corp., which saw a 7.6% stock increase [7]