{"id":1913,"date":"2024-04-02T13:49:41","date_gmt":"2024-04-02T13:49:41","guid":{"rendered":"https:\/\/stoxpo.com\/?p=1913"},"modified":"2024-04-02T13:49:42","modified_gmt":"2024-04-02T13:49:42","slug":"stock-market-slips-as-bond-yields-rise-dow-falls-426-points","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/04\/02\/stock-market-slips-as-bond-yields-rise-dow-falls-426-points\/","title":{"rendered":"Stock Market Slips as Bond Yields Rise: Dow Falls 426 Points"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Fed Rate Cut Expectations Wane Amidst Economic Data and Inflation Concerns<\/h4>\n\n\n\n<p>The Dow Jones Industrial Average (DIA) dipped for a second consecutive day, plummeting 426 points, or 1.1%, continuing the lackluster trend on Wall Street as bond yields surged. Both the S&amp;P 500 and the Nasdaq Composite also experienced declines, sliding 0.9% and 1.2%, respectively.<\/p>\n\n\n\n<p>The market&#8217;s sluggish start to the second quarter is attributed to mounting inflation concerns, reinforced by sticky inflation data and robust economic indicators. The recent release of February&#8217;s core personal consumption expenditures price index, showing a 2.8% annual increase, added to apprehensions as it remains near the Fed&#8217;s 2% inflation target.<\/p>\n\n\n\n<p>Meanwhile, the Institute for Supply Management&#8217;s manufacturing gauge signaled expansion after 16 months of contraction, further boosting bond yields. The prospect of a June rate cut by the Federal Reserve has diminished, with odds dropping to about 58.8%, down from 70% a week ago.<\/p>\n\n\n\n<p>Tesla&#8217;s shares plunged by 6% following disappointing first-quarter deliveries, while tech giants like Netflix, Nvidia, Alphabet, and Microsoft experienced declines of at least 1%. Health insurers, including Humana, UnitedHealth, and CVS Health, faced losses after the Centers for Medicare &amp; Medicaid Services finalized the 2025 rate announcement for Medicare Advantage and prescription drug coverage. Despite the setback, the S&amp;P 500 and Nasdaq posted significant gains in the first quarter, driven by optimism around economic growth and rate cuts.<\/p>\n\n\n\n<p>You might like this article:<a href=\"https:\/\/stoxpo.com\/index.php\/2024\/04\/02\/tesla-surpasses-433000-vehicle-production-and-4053-mwh-deployment-in-q1-2024\/\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"> Tesla Surpasses 433,000 Vehicle Production and 4,053 MWh Deployment in Q1 2024<\/mark><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fed Rate Cut Expectations Wane Amidst Economic Data and Inflation Concerns The Dow Jones Industrial Average (DIA) dipped for a second consecutive day, plummeting 426 points, or 1.1%, continuing the lackluster trend on Wall Street as bond yields surged. Both the S&amp;P 500 and the Nasdaq Composite also experienced declines, sliding 0.9% and 1.2%, respectively. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1803,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[367,362],"tags":[],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1913"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=1913"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1913\/revisions"}],"predecessor-version":[{"id":1914,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1913\/revisions\/1914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1803"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=1913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=1913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=1913"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=1913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}