Market Update: Dow Futures Drop, Yields Surge, Truth Social's Loss, Fed Rate-Cut Odds Dip
TL;DR Summary
US stock futures are down, with the Dow slipping over 250 points and yields on 10-year Treasury reaching 2024 highs. Concerns about delayed interest rate cuts and strong economic data are impacting the market. Health insurer stocks are plummeting after US regulators failed to increase Medicare Advantage payments, with Humana taking a significant hit. Rising oil prices are causing gas prices to surge, potentially impacting consumer spending and discretionary stocks.
- Stock market today: Dow futures sink over 250 points, yields rise to 2024 highs Yahoo Finance
- Dow futures fall 300 points as rough start to quarter continues on higher rates: Live updates CNBC
- Donald Trump's Truth Social lost $58 million in 2023 The Associated Press
- June Fed Rate-Cut Odds Dip Below 50% After Strong ISM Data Bloomberg
- US futures slip, Rubrik, UBS buyback - what's moving markets Investing.com
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