"Market Plunge: Dow Drops, Tesla Sales Plummet, and Truth Social's Losses"
TL;DR
The Dow Jones Industrial Average fell nearly 400 points as concerns about the Federal Reserve potentially delaying interest rate cuts lingered, with the S&P 500 and Nasdaq also experiencing losses. Fed Chair Jerome Powell indicated that rate cuts won't be immediate, leading to a rise in bond yields and a decrease in expectations for a rate cut in June. Investors are awaiting the March jobs report, while health insurers and Tesla faced stock declines due to various factors.
- Dow falls nearly 400 points to continue second quarter’s weak start CNN
- Tesla sales plunge far more than expected CNN
- Stocks end day lower, 10-year Treasury yield moves higher Yahoo Finance
- Stock Market Today: Dow, S&P Live Updates for April 2 Bloomberg
- Donald Trump's Truth Social lost $58 million in 2023 The Associated Press
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