The Dow Jones Industrial Average is Approaching the 40,000 mark Just a few weeks ago, on Tuesday, the deficit was confirmed. The index fell 450 points (about 1.1%). The S&P 500 also fell 1% on Tuesday, and the Nasdaq fell 1.5%.
The virtual currency market was also hit hard. On Tuesday, Bitcoin fell below $65,000.
Here's what else is happening at the market before noon.
Crude oil prices rise
Amid tensions in the Middle East and the oil crisis, oil prices have reached their highest since October. Ukrainian drone attacks major Russian refinery.
Brent crude, the world oil benchmark, rose as much as 1.8% to $89 a barrel, its highest since September. U.S. benchmark West Texas Intermediate crude oil also rose 1.8%, hitting a five-month high of $85 a barrel.
Medical stocks fall
Health insurance companies were the worst performing stocks on Tuesday morning. Humana, CVS Health, UnitedHealth, Elevance Health, etc.. The blow came after federal regulators failed to raise Medicare plan payments more than industry expectations.
Humana stock fell 14%, CVS Health fell 8.5% and UnitedHealth fell 6.8%.
More bad news for Tesla
tesla I said that on Tuesday. 386,810 electric vehicles delivered The first three months of 2024 were well below Wall Street expectations.
Tesla shares fell about 6% in morning trading Tuesday after the company announced poor first-quarter delivery results. The stock is down more than 33% so far this year. Tesla is the worst performer in S&P500. The company also No longer one of the top 10 US companies by market capitalizationVisa, JPMorgan Chase, and Weight loss drug maker Novo Nordisk.
10-year US Treasury bond reaches 2024 high
The yield on the 10-year Treasury note, which determines mortgage and credit card rates, rose to 4.386% on Tuesday, above its February high of 4.352%. This is the highest level so far this year.
of Solid performance in manufacturing Expectations for interest rate cuts may have contributed to the rise.
-William Gavin and Bruce Gil contributed to this article.
