2024-04-07 08:23:00 ET
Microsoft (NASDAQ: MSFT) is currently the only company worth over $3 trillion. That makes it the most heavily weighted stock in both the S&P 500 and the Nasdaq Composite, but not the Dow Jones Industrial Average .
However, a 6.4% decline in UnitedHealth Group (NYSE: UNH) stock on April 2 has pushed Microsoft just 8% away from becoming the most valuable stock in the Dow Jones . Here's why UnitedHealth sold off and why Microsoft has a long runway for earnings growth, as well as a path to eventually surpassing UnitedHealth.
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UnitedHealth's 6.4% Drop Brings Microsoft This Much Closer to Becoming the Most Important Stock in the Dow Jones Industrial Average