Insurance: Unitedhealth Group

Unitedhealth Group

UnitedHealth Group Inc. (NYSE:UNH) gapped sharply up after a news that it is going to be added in the Dow Jones Industrial Average (INDEXDJX: DJI). The stock is set to replace Kraft Foods Inc. (NASDAQ:KFT) after the close of business today on Friday, September 21, and the change is planned to be effective with the opening of trading on Monday, September 24.Kraft Foods had earlier prompted the index change after its plan to spin-off its North American grocery business, to be given a new name of Kraft Foods Group, Inc. on Oct. 1, 2012. After the spin-off is completed, Kraft Foods Inc. will have a new name as Mondelez International, Inc. The Dow Jones Averages Index Committee thinks that Mondelez’s lowered market value and estimated lower percentage of revenue generated from the U.S. makes the company less representative of the U.S. Large Cap market space.