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Investor Alert

July 7, 2020, 9:47 a.m. EDT

Stocks look to reverse previous day's gains as investors assess economic recovery

U.S. stocks mostly opened lower on Tuesday on track to erase a chunk of the previous session's gains as investors assessed the scope for a further market rally amid worries the U.S. economy's recovery would stay uneven. The S&P 500 (S&P:SPX) fell 0.4% to 3,166. The Dow Jones Industrial Average (DOW:DJIA) shed 189 points, or 0.7%, to 26,098. The Nasdaq Composite (AMERICAN:COMP) rose 2 points to 10,436. In an interview, Atlanta Federal Reserve President Raphael Bostic said the nascent U.S. recovery from the viral outbreak was "leveling off," raising doubts about a V-shaped, or swift and powerful, economic rebound. The worry is that re-acceleration of coronavirus cases across the U.S. could slow economic activity.

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S&P 500 on the verge of snapping 5-day win streak as energy and financial stocks retreat early Tuesday

Link to MarketWatch's Slice.