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Dow Drops More Than 300 Points as Tough Start to Quarter Continues, Rates Climb

The Dow Jones Industrial Average fell for a second day, continuing Wall Street’s lackluster start to the quarter, as bond yields increased and traders lowered expectations that the Federal Reserve wou

Dow Drops More Than 300 Points as Tough Start to Quarter Continues, Rates Climb

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Oil prices also hit a five-month high on Tuesday, adding to inflationary pressures.</p><p style=\"text-align: start;\">February’s core personal consumption expenditures price index released Friday showed a 2.8% annual increase, about even with December and January’s 2.9% rate and still a ways to go from the Fed’s 2% inflation target.</p><p style=\"text-align: start;\">On Monday, the Institute for Supply Management’s manufacturing gauge showed expansion after contracting for 16 straight months. The 10-year Treasury yield was last at 4.38%, the highest in two weeks and almost the highest levels of the year. Odds for a June rate cut based on fed futures trading are now down to about 58.8%, off from about 70% a week ago. The question now is if the momentum to start 2024 can continue if the Fed stands pat on rates.</p><p style=\"text-align: start;\">Health insurers slid in the premarket after the Centers for Medicare &amp; Medicaid Services finalized the 2025 rate announcement for Medicare Advantage and prescription drug coverage. In 2025, payments from the government toward these plans are expected to rise 3.7% year over year, unchanged from an earlier proposed rate. Humana lost 9%, while UnitedHealth dropped 4% and CVS Health tumbled 5.5%.</p><p style=\"text-align: start;\">Tesla shares plunged more than 7% after publishing disappointing first-quarter deliveries.</p><p style=\"text-align: start;\">The S&amp;P 500 is coming off a 10% gain for the first quarter, its best start to a year since 2019, as investors bet that inflation would come down enough for the Fed to start cutting rates, while the economy keeps growing. 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The main event this week will be March’s big payrolls report due Friday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow Drops More Than 300 Points as Tough Start to Quarter Continues, Rates Climb</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow Drops More Than 300 Points as Tough Start to Quarter Continues, Rates Climb\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-04-02 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Dow Jones Industrial Average fell for a second day, continuing Wall Street’s lackluster start to the quarter, as bond yields increased and traders lowered expectations that the Federal Reserve would cut interest rates in June.</p><p>Verve Therapeutics Inc. shares (VERV) dropped 33% morning market on Tuesday after the company paused enrollment in a clinical trial of its gene-editing treatment for heart disease.</p><p style=\"text-align: start;\">The second quarter for stocks is off to a rough start as sticky inflation data to end last week and some strong economic data Monday sends yields higher and reduces odds the Fed will cut rates in June. Oil prices also hit a five-month high on Tuesday, adding to inflationary pressures.</p><p style=\"text-align: start;\">February’s core personal consumption expenditures price index released Friday showed a 2.8% annual increase, about even with December and January’s 2.9% rate and still a ways to go from the Fed’s 2% inflation target.</p><p style=\"text-align: start;\">On Monday, the Institute for Supply Management’s manufacturing gauge showed expansion after contracting for 16 straight months. The 10-year Treasury yield was last at 4.38%, the highest in two weeks and almost the highest levels of the year. Odds for a June rate cut based on fed futures trading are now down to about 58.8%, off from about 70% a week ago. The question now is if the momentum to start 2024 can continue if the Fed stands pat on rates.</p><p style=\"text-align: start;\">Health insurers slid in the premarket after the Centers for Medicare &amp; Medicaid Services finalized the 2025 rate announcement for Medicare Advantage and prescription drug coverage. In 2025, payments from the government toward these plans are expected to rise 3.7% year over year, unchanged from an earlier proposed rate. Humana lost 9%, while UnitedHealth dropped 4% and CVS Health tumbled 5.5%.</p><p style=\"text-align: start;\">Tesla shares plunged more than 7% after publishing disappointing first-quarter deliveries.</p><p style=\"text-align: start;\">The S&amp;P 500 is coming off a 10% gain for the first quarter, its best start to a year since 2019, as investors bet that inflation would come down enough for the Fed to start cutting rates, while the economy keeps growing. The Nasdaq gained 9% in the first quarter on the back of a run in artificial intelligence-related stocks like Nvidia.</p><p style=\"text-align: start;\">On the economic front, traders will be looking for the Job Openings and Labor Turnover Survey from February, out Tuesday at 10 a.m. ET. Durable orders for February are also on deck Tuesday morning. The main event this week will be March’s big payrolls report due Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152234684","content_text":"The Dow Jones Industrial Average fell for a second day, continuing Wall Street’s lackluster start to the quarter, as bond yields increased and traders lowered expectations that the Federal Reserve would cut interest rates in June.Verve Therapeutics Inc. shares (VERV) dropped 33% morning market on Tuesday after the company paused enrollment in a clinical trial of its gene-editing treatment for heart disease.The second quarter for stocks is off to a rough start as sticky inflation data to end last week and some strong economic data Monday sends yields higher and reduces odds the Fed will cut rates in June. Oil prices also hit a five-month high on Tuesday, adding to inflationary pressures.February’s core personal consumption expenditures price index released Friday showed a 2.8% annual increase, about even with December and January’s 2.9% rate and still a ways to go from the Fed’s 2% inflation target.On Monday, the Institute for Supply Management’s manufacturing gauge showed expansion after contracting for 16 straight months. The 10-year Treasury yield was last at 4.38%, the highest in two weeks and almost the highest levels of the year. Odds for a June rate cut based on fed futures trading are now down to about 58.8%, off from about 70% a week ago. The question now is if the momentum to start 2024 can continue if the Fed stands pat on rates.Health insurers slid in the premarket after the Centers for Medicare & Medicaid Services finalized the 2025 rate announcement for Medicare Advantage and prescription drug coverage. In 2025, payments from the government toward these plans are expected to rise 3.7% year over year, unchanged from an earlier proposed rate. Humana lost 9%, while UnitedHealth dropped 4% and CVS Health tumbled 5.5%.Tesla shares plunged more than 7% after publishing disappointing first-quarter deliveries.The S&P 500 is coming off a 10% gain for the first quarter, its best start to a year since 2019, as investors bet that inflation would come down enough for the Fed to start cutting rates, while the economy keeps growing. The Nasdaq gained 9% in the first quarter on the back of a run in artificial intelligence-related stocks like Nvidia.On the economic front, traders will be looking for the Job Openings and Labor Turnover Survey from February, out Tuesday at 10 a.m. ET. Durable orders for February are also on deck Tuesday morning. 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