UnitedHealth, Morgan Stanley, Bank of America, and More

The Dow gained while the S&P 500 and Nasdaq were little changed at midday as the market weighed a flood of first-quarter earnings results.

UnitedHealth Group (UNH) was the best-performing stock in the Dow and S&P 500 after the insurer beat revenue estimates, in its first earnings report since the healthcare giant was the victim of a cyberattack earlier this year that disrupted some of its operations.

Shares of Morgan Stanley (MS) jumped after the financial firm reported better-than-expected profit on higher investment banking, wealth management, and trading revenues.

Ericsson (ERIC) shares advanced as the Swedish telecom company posted strong operating profit and gross margin, and predicted sales will stabilize in the second half of the year.

Live Nation Entertainment (LYV) shares dropped following a report the Department of Justice will file an antitrust lawsuit against the the owner of Ticketmaster over its dominance in ticketing for live events.

Shares of Tesla (TSLA) continued their slide following yesterday’s news that the electric vehicle (EV) maker will be slashing its workforce as sales slump.

Bank of America (BAC) shares tumbled after the bank’s profit sank as it put aside more money to cover bad loans.

Oil and gold futures gained. The yield on the 10-year Treasury note was higher. The U.S. dollar was up versus the pound and yen, but lost ground to the euro. Prices for most major cryptocurrencies declined.