Posted 4/2/2024, 1:36:00 PM
Stocks Sink, Oil and Yields Rise on Economic Worries
- Dow sinks nearly 400 points, yields rise to 2024 highs as economic data stokes inflation fears
- Health insurer stocks tumble after Medicare Advantage payment hike falls short of expectations
- Tesla shares slide about 7% after company misses Q1 delivery estimates
- Oil hits $85/barrel, sparking worries that rising gas prices could hurt consumer spending
- Key level to watch in 10-year Treasury yields is 4.35%, according to Morgan Stanley's Mike Wilson