Tenet Healthcare (THC) Tops Q4 EPS by 1c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus, Provides FY20 EPS Outlook

Go back to Tenet Healthcare (THC) Tops Q4 EPS by 1c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus, Provides FY20 EPS Outlook

Health insurer shares pummeled by Sanders surge, virus worries

February 24, 2020 2:27 PM EST

By Lewis Krauskopf

NEW YORK (Reuters) - As concerns over the spreading coronavirus outbreak hammered U.S. stocks, one corner of the market was confronted with another potentially game-changing prospect: a Bernie Sanders nomination.

The S&P 500 managed healthcare index of health insurance stocks tumbled over 7% early Monday afternoon, compared to a 3.5% fall for the overall S&P 500 . Shares of industry bellwether UnitedHealth Group Inc (NYSE: UNH) dropped 7.6% and were the biggest individual drag on the Dow Jones Industrial Average , while shares of Centene Corp (NYSE:... More