Nasdaq closes lower, S
1 day, 13 hours ago

Nasdaq closes lower, S

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* Moderna slides after cutting 2025 sales forecast * Chip stocks fall as US tightens grip on AI chip flows * Health insurers rise after US proposes 2026 payment rates By Chuck Mikolajczak NEW YORK, Jan 13 - The Nasdaq fell on Monday, while the benchmark S&P 500 bounced off a two-month low and eked out a slight gain as U.S. Treasury yields stayed elevated with investors dialing back expectations on the pace of rate cuts from the Federal Reserve. "There's concern that we're going to see higher inflation numbers, I'm not so sure that's positively the case, but that's sort of the concern here and that it's going to be a while before we see lower rates again," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. The Dow moved higher, buoyed by a gain in UnitedHealth Group after President Joe Biden's administration proposed 2026 reimbursement rates for Medicare Advantage plans run by private insurers, which would result in a 2.2% increase in payments. The Consumer Price Index numbers and the central bank's Beige Book on economic activity, both due on Wednesday, will likely help shape views on the Fed's policy outlook.

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