On Tuesday, the Dow Jones Industrial Average experienced a significant decline, falling 450 points or about 1.1%. The S&P 500 and Nasdaq also fell 1% and 1.5% respectively. Meanwhile, the crypto market also saw a downturn, with Bitcoin falling below $65,000.

Oil prices hit their highest level since October amid tensions in the Middle East and Ukraine’s drone strike on a major Russian oil refinery. Brent crude jumped to $89 a barrel, while West Texas Intermediate reached $85 a barrel. This rise in oil prices is significant and may have implications for the market.

Health insurance companies such as Humana, CVS Health, UnitedHealth and Elevance Health saw their stock prices fall after federal regulators failed to raise payments to Medicare plans as expected. Humana shares fell 14%, CVS Health fell 8.5% and UnitedHealth fell 6.8%.

Tesla delivered 386,810 electric vehicles in the first three months of 2024, falling short of Wall Street expectations. The news sent Tesla shares down nearly 6% in Tuesday morning trading. Despite this setback, Tesla’s stock is still up more than 33 percent this year, making it the best performer in the S&P 500.

The yield on the 10-year Treasury rose to 4.386 percent on Tuesday, surpassing February’s high of 4.352 percent. This is the highest level so far this year and may indicate positive developments in the manufacturing sector and expectations of interest rate cuts.

By Samantha Johnson

As a dedicated content writer at newspuk.com, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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