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

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

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By Sunny Oh

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 /zigman2/quotes/210599714/realtime SPX +1.40% fell 0.4% to 3,166. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% shed 189 points, or 0.7%, to 26,098. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +2.13% 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.

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

/zigman2/quotes/210599714/realtime
US : S&P US
3,380.35
+46.66 +1.40%
Volume: 2.25B
Aug. 12, 2020 5:10p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,976.84
+289.93 +1.05%
Volume: 342.07M
Aug. 12, 2020 5:10p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,012.24
+229.42 +2.13%
Volume: 3.35M
Aug. 12, 2020 5:16p
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