Dow trims losses, tech stocks rise as investors weigh slowing economy and falling interest rates via /r/wallstreetbets #stocks #wallstreetbets #investing

Stocks were mostly lower on Tuesday as concerns about a possible recession in the U.S. weighed on investor sentiment, but lower interest rates appeared to boost the tech sector.

The Dow Jones Industrial Average fell about 290 points, or about 0.9%, after falling roughly 700 points earlier in the session. The S&P 500 dipped 0.4%. The tech-heavy Nasdaq Composite outperformed and rose more than 1%.

Concerns about economic growth are hanging over investors as the U.S. market looks to recover after a rough first half to the year. The market has dropped in four of the past five weeks, and the S&P 500 is more than 20% below its record high. Some economists believe U.S. GDP declined for both quarters to start the year, which is a shorthand used by many to signal a recession.

The benchmark 10-year Treasury yield and the 2-year yield briefly inverted on Tuesday, which has a strong historical track record as a recession indicator. When short-term Treasury yields trade above long-term yields, it could be a sign that investors expect an economic slowdown to lead to rate cuts.

https://www.cnbc.com/2022/07/04/stock-market-futures-open-to-close-news.html