Wall Street opened this Tuesday in red and the Dow Jones Industrialsits main indicator, fell 1.06%, to stand at 39,148 points.
Ten minutes after the trading floor opened, the selective S&P 500 fell 1.03% to 5,189 points, while the technological Nasdaq fell 1.50% to 16,151 points.
Inflation data released last week dampened investors’ hopes for possible interest rate cuts in June.
The personal consumption expenditure (PCE) price index, published last Friday, registered an increase of 0.3% in February compared to the previous month, and of 2.8% in an annualized rate.
In the business sphere, the actions of Tesla They were down almost 6% in early trading after the company released its vehicle production and deliveries report for the first quarter of 2024, which disappointed analysts.
For their part, US health insurers fell on the stock market this morning after the Government announced a cut in the final 2025 reimbursement rates for health plan payments Medicare Advantage (MA).
Among those hardest hit were Humana (-12%), UnitedHealth (-7%) and CVS (-8%).
On the other hand, benchmark 10-year Treasury bond yields rose this morning to 4.391%.
By sector, losses predominated, led by non-essential goods (-1.76%) and technology (-1.59%), while energy (0.81%), public services opened in green (0.39%) and essential goods (0.05%).
Among the 30 Dow Jones stocks, Chevron (1.13%) and Verizon (0.53%) led the gains, while the losers at this time included UnitedHealth (-6.06%), and Salesforce (- 2.35%). EFE (I)
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