After-hours movers:

UnitedHealth Group (NYSE: UNH) fell 8%, Humana (NYSE: HUM) fell 14%, and CVS Health (NYSE: CVS) fell 9% after the Trump administration proposed significantly lower-than-expected Medicare Advantage payment rates for 2027. The Wall Street Journal reported that the Centers for Medicare and Medicaid Services (CMS) plans to increase payments to Medicare Advantage insurers by just 0.09% on average next year.

• Alignment Healthcare Inc. (NASDAQ: ALHC) and Elevance Health (NYSE: ELV) shares were also sharply lower.

Sanmina (NASDAQ: SANM) fell 7% after it announced guidance that disappointed investors. Sanmina sees Q2 2026 revenue of $3.1-3.4 billion, versus the consensus of $3.52 billion.

Nucor (NYSE: NUE) fell 5% after publishing quarterly resulted that missed consensus on the top and bottom line.