Stocks Set to Drop as Yields Climb, Weighing on Insurers and Consumer Spending
• US stocks set to open lower as yields rise, health insurers tumble • Dow futures down over 250 points, 10-year Treasury yield hits 2024 high • Fed rate cut hopes fading as economic data suggests resilience • Medicare Advantage payment hike fails to materialize, hitting health insurers • Gas prices hit 5-month high, potentially weighing on consumer spending