Posted 4/2/2024, 6:58:00 PM
Stocks Sink as Healthcare Drops, Tesla Delivers Less, and Silver Lake Takes UFC Private in $13B Deal
- US stocks sank over 400 points as healthcare insurers dropped and Treasury yields hit 2024 highs, worrying investors about interest rate outlook
- Job openings were marginally higher in February while hiring ticked up slightly, signs of continued labor market resilience
- Tesla stock fell over 5% after delivering fewer cars than expected in Q1
- Silver Lake to take UFC owner Endeavor private in $13B deal
- Health insurer shares plummeted after regulators failed to boost Medicare Advantage payments as much as expected