Australian shares are expected to decline as US equities weaken for a second session, with bond yields also advancing. The Dow Jones and S&P 500 closed lower, while Tesla reported a drop in deliveries. The Biden administration's decision to hold the increase in payments to private Medicare plans at the same rate in 2025 as for 2024 contributed to the decline in UnitedHealth shares.
Australian shares are poised to fall, taking direction from New York where US equities weakened for a second session to start the quarter and bond yields extended their advance too. ASX futures were down 30 points or 0.4 per cent near 7am AEDT, At the close, the Dow Jones was 397 points or 1 per cent lower, paring earlier losses, paced by a 6.
4 per cent drop in UnitedHealth, the largest US health insurer, after the Biden administration opted to hold the increase in payments to private Medicare plans at the same rate in 2025 as for 2024. The S&P 500 briefly fell below 5200 points, then pared its losses too. It closed 0.7 per cent lower to 5205.81, The yield on the 10-year US note was 5 basis points higher to 4.36 per cent at 4.10pm in New York. Tesla shed 4.9 per cent after reporting a shock drop in deliveries even after analysts had slashed their expectations several times. Tesla has now produced more vehicles than it sold in seven of the past eight quarters, Bloomberg reporte
Australian Shares US Equities Bond Yields Dow Jones S&P 500 Tesla Deliveries Biden Administration Medicare Plans Unitedhealth
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