By Liz Moyer
Investing.com -- U.S. stocks opened lower on Tuesday after the long holiday weekend as investors renewed their fears about a looming recession.
This is a big week for economic data, including the monthly nonfarm employment report from the government on Friday. Before that comes out, investors will get to assess the minutes of the Federal Reserve’s most recent policy meeting and parse any hints of what actions are to come as the central bank tries to tame inflation.
Analysts have been sending mixed signals about the outlook. On Tuesday, Credit Suisse (SIX: CSGN ) cut its S&P 500 forecast for the year to 4,300 from 4,900 though said a recession will likely be avoided. The S&P is trading around 3,756 currently.
Shares of department store Kohl's Corp (NYSE: KSS ) lost another 3.7% on Tuesday after falling 20% on Friday, when it said it ended deal talks.
Tesla Inc (NASDAQ: TSLA ) shares lost 3.7% after reporting it delivered more than 254,000 vehicles in the second quarter, a decline of more than 17% from the first quarter.
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