Healthcare plays a powerful role in the US economy. Hence a fall in the stock market of healthcare can cause a significant loss in our economy.

US stocks have fallen and have experienced sharp losses in healthcare companies especially Tesla.

At the opening bell, the Dow Jones Industrial Average fell on 310.58 points. The S&P 500 opened lower by 39.48 points and NASDAQ dropped around 197.60 points.

The decline in healthcare stocks induced considerable worry among the stock markets. The US government in its response announced the lower-than-expected rates of Medicare advantage.

This also resulted in Humana shares tumbling down to 13%. The United Health Group fell by 6.1%. The CVS on the other hand, fell at 8.5%.

Tesla also dropped its rates by 5.5% on lower vehicle deliveries.

Healthcare plays an important role in our economy. While we are striving to improve our healthcare measures in the country, it sometimes has become impossible to keep everything on track. Sometimes we often face these pitfalls which have considerably harmed us overall.

On the other hand, with this fall in healthcare stocks, the yield on the 10-year Treasury rose to 4.38% from its former value of 4.33%. Later, the 2-year Treasury yield was flat at 4.71%.

In Europe, Britain’s FTSE 100 almost edged up to 0.03% with 7,977.10 points. France’s CAC 40 rose by 0.1% at 8,213.17 points. On the other hand, Germany’s DAX fell by 0.1% at 18,466.25 points.

On the other hand, the Euro stocks increased its prevalence by 0.3% to 5,096.76 points.

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