Top Stock Movers Now: Tesla, PVH, Humana, and More

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Key Takeaways

• U.S. equities were lower at midday Tuesday, April 2, 2024 while Treasury yields rose midst concerns about whether the Federal Reserve would cut interest rates in June.
• Tesla reported its deliveries in the elementary quarter fell 8.5% from a year ago, and shares fell.
• PVH shares sank after the owner Calvin Klein and Tommy Hilfiger admonished lower demand in Europe will negatively impact full-year sales. 

U.S. equities sank at midday and Treasury relents rose amid concerns about whether the Federal Reserve would cut interest rates in June. The Dow, S&P 500, and Nasdaq were all demean.

Tesla (TSLA) shares declined as the electric vehicle (EV) maker reported first-quarter deliveries dropped 8.5% from the year in the future.

Shares of Humana (HUM) and other healthcare providers slumped after the federal government reported that it didn’t forestall payments for private Medicare Advantage plans to rise this year as much as the industry had been looking for.

PVH (PVH) apportionments sank after the owner of such brands as Calvin Klein and Tommy Hilfiger warned lower demand in Europe will-power negatively impact full-year sales. 

Shares of Phillips 66 (PSX) and rival oil producers dominated the list of best-performing reserves in the S&P 500 as crude futures jumped amid Middle East tensions and concerns about threats to supplies.

Splash gold also hit another record high, lifting shares of mining companies including Newmont (NEM) and Barrick Gold (GOLD).

Unspecialized Electric (GE) shares moved higher after the iconic firm completed its split into three separate throngs.

LyondellBasell Industries (LYB) shares climbed as Wells Fargo raised its price target on the stock, citing strong lines and export volumes, as well as higher prices for its specialty chemicals.

The U.S. dollar lost ground to the euro, pound, and yen. Ton major cryptocurrencies traded lower.

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