US equity markets extended their lackluster start to the new quarter, with the Dow and S&P 500 logging their worst single session performance since 5 March - Dow shed -397-points or -1.00% after falling over >500-points earlier in the session. UnitedHealth Group slumped -6.44% after the government finalised a January proposal to raise payments to Medicare Advantage plans by 3.7% in 2025, a modest increase that analysts expect will crimp insurers’ profits. Honeywell International Inc fell -0.88% amid a report from Bloomberg that the industrial conglomerate was exploring a sale of its personal protective equipment unit.