Dow Plummets Amid Rising Yields and UnitedHealth Losses
TL;DR Summary
Wall Street experienced significant volatility on Wednesday, with major indices and all S&P 500 sectors trading in the red. The VIX surged 8% amid rising investor anxiety over interest rates, while Treasury yields continued to climb, with the 30-year yield reaching 4.72%. Traders are adjusting their expectations for Federal Reserve rate cuts, and key economic data is anticipated later this week. Major stock movements included a sharp drop in American Airlines and gains for Marathon Oil following an acquisition deal.
- VIX Rises 8%, Treasury Yields Jump, Dow Plunges: Why Is Wall Street Wobbling Wednesday? (CORRECTED) - Con Benzinga
- What’s Behind the Dow’s Dive? UnitedHealth and Price Weighting. Barron's
- Dow Jones Sinks 411 Points; Rising Interest Rates Slap Stock Market Bulls Ahead Of This Key Economic Data Investor's Business Daily
- Dow opens 300 points lower as stocks slide Yahoo Finance
- Dow's 350-point fall led by losses in shares of UnitedHealth, IBM MarketWatch
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