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S&P 500 Gains and Losses Today: Centene Pulls Guidance, Health Insurance Stocks Fall

1. Centene shares dropped 40% after withdrawing full-year guidance. 2. Enrollment pressure and higher illness levels impacted CNC's outlook. 3. Other health insurers like Molina and Elevance also faced losses. 4. The S&P 500 closed at a record high amid varied stock performances. 5. Employment decline signals potential softening labor market affecting policies.

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FAQ

Why Very Bearish?

CNC's 40% drop suggests severe investor reaction to negative forecasts, similar to historical cases of guidance withdrawal leading to major stock losses.

How important is it?

The withdrawal of full-year guidance from CNC signals significant operational challenges, impacting investor confidence and stock pricing.

Why Short Term?

Immediate market reactions expected as investors assess guidance implications, unlike typical longer-term growth trajectories.

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