The Dow Jones Industrial Average, which just a few weeks ago, was firmly in the red on Tuesday. The index had dropped 450 points, or about 1.1%. The S&P 500 also fell 1% on Tuesday, and the Nasdaq was down 1.5%. Tuesday, with
Bitcoin dropping below $65,000. Here’s what else is happening in the markets before midday.
Oil prices rise Oil prices reached their highest level since October amid tensions in the
Middle East and a . Brent crude, the world’s oil benchmark, jumped as much as 1.8% to $89 per barrel, the highest since September. And West
Texas Intermediate crude, the U.S. benchmark, also climbed 1.8%, reaching a five-month high of $85 per barrel. Health stocks sink Among the worst stock performers Tuesday morning were health insurance companies, . They took a hit after federal regulators didn’t raise payments for Medicare plans above industry expectations. Humana stock fell 14%, CVS Health dropped 8.5%, and UnitedHealth dipped 6.8%. on Tuesday said it over the first three months of 2024, falling wildly short of Wall Street’s expectations.
Tesla stock dropped almost 6% in Tuesday morning trading after the company announced its poor first-quarter deliveries. Shares have fallen more than 33% so far this year, making in . The company is also , trailing behind Visa, JPMorgan Chase, and The 10-year Treasury hits a 2024 high The 10-year yield, which determines mortgage and credit card rates, rose to 4.386% Tuesday, surpassing February’s high of 4.352%. That’s the highest level so far this year. The and the hope for interest rate cuts might have contributed to the rise. 📬 Sign up for the Daily Brief Our free, fast, and fun briefing on the global
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