Stock Market Plunges: Dow Sinks, Yields Rise, and Truth Social's Loss

The US stock market opened lower as the Dow Jones Industrial Average fell nearly 400 points and bond yields rose to 2024 highs, signaling concerns about interest rate cuts. Healthcare insurer stocks tumbled after US regulators failed to boost payments for private Medicare plans, with Humana and CVS shares dropping. Tesla stock stumbled after delivering fewer cars than expected in the first quarter. Rising gas prices are impacting consumer spending, with oil hitting a five-month high and gas prices up $0.16 per gallon from a month ago. Additionally, new data from the Bureau of Labor Statistics showed steady job openings in February while hiring picked up slightly.