"The futures are trading higher after a seesaw day across Wall Street, where the tech-heavy Nasdaq roared higher. At the same time, the Dow Jones Industrials were crushed, primarily due to a near 20% decline in UnitedHealth Group, Inc. ( NYSE: UNH) following a weak Medicare reimbursement rate proposal for 2027. Health insurer stocks plummeted, dragging down the index, while gains in the technology sector helped other major indices."
"Yields were mixed across the Treasury curve on Tuesday as sellers came in to take some profit on maturities of 5 years and longer, while buyers were interested in shorter maturities and T-bills. Traders cited upcoming economic data and the Federal Reserve meeting, which concludes today. While most do not expect a rate cut, they will be closely listening to Chairman Powell's comments on rate cuts later in the year. The 30-year bond closed at 4.84%, while the benchmark 10-year note was last at 4.23%."
"Prices were higher across the energy complex on Tuesday as the dreadful frigid weather continued to disrupt the sector, and some fresh geopolitical issues lent a tailwind. With as many as 2 million barrels per day offline due to the storm, crude export flows from Gulf Coast ports even hit zero on Sunday before bouncing back. Brent Crude finished Tuesday at $67.53, up 2.96%, while West Texas Intermediate closed at $62.42, up 2.95%."
Futures rose after a volatile session that saw the Nasdaq rally while the Dow fell sharply following a nearly 20% plunge in UnitedHealth on a weak Medicare reimbursement proposal. Health insurers sank, weighing on the Dow, while tech gains lifted other major indexes; the Dow closed 49,003 (-0.83%), the S&P 500 at a record 6,978 (+0.41%), and the Nasdaq at 23,817 (+0.91%). Treasury yields were mixed as profit-taking hit maturities of five years and longer while demand favored shorter maturities and T-bills; the 30-year closed at 4.84% and the 10-year at 4.23%. Energy prices rose amid frigid weather disruptions and geopolitical tailwinds, with Brent at $67.53, WTI at $62.42, and natural gas at $6.58 after a recent surge.
Read at 24/7 Wall St.
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