Alex Ossola

Shares in Humana, UnitedHealth, and CVS led market losses today, sinking 14% or more.

That dragged down the Dow, which fell 0.8%.

But the Nasdaq rose 0.9%, boosted by an uptick in chip stocks.

And the S&P 500 added 0.4%, closing at its first new high in two weeks.

And three big companies reported today.

First up is General Motors, which posted a $3.3 billion loss, mostly related to its struggling EV business.

But shares jumped 8.8% today, as GM predicted higher than expected cash flows this year and promised to return more cash to investors.

Meanwhile, Boeing swung to a fourth quarter profit and its revenue surged as it made more planes and shipped more of them to customers.

Deliveries of commercial aircraft hit their highest point since 2018, but the stock slipped 1.6%.

And UPS says it's cutting 30,000 jobs in operations, part of an ongoing cost-cutting push that the company says is paying off.

Its profit grew in the fourth quarter, and for this year, UPS expects revenue will grow slightly.

Shares closed up 0.2%.

And the Federal Reserve also kicked off its latest meeting today.

You'll hear more about that from us tomorrow when officials announce their decision.

They're expected to hold rates steady after making cuts at three meetings in a row.

TikTok has settled a lawsuit in California over teenagers and mental health, a growing issue in the courts.

The lawsuit said that social media companies designed their products to addict young people.

There are about 3,000 similar claims in California pending against social media companies, including Meta, YouTube, Snap, and TikTok.

The companies say that they invest in online safety measures and that the lawsuits are misleading.

And the 72 Amazon Go and Amazon Fresh stores are closing.