By Liz Moyer
Investing.com -- U.S. stocks opened mixed on Tuesday as investors were unable to shake off the recessionary fears that have been building for weeks.
Still, investors appeared to embrace assets with lower risk than stocks, such as Treasury bonds and the U.S. dollar. The 10-year Treasury yield fell 7 basis points, to 2.92%. The dollar index rose to just over 108, near another multi-decade peak, and the euro and dollar approached parity.
Twitter Inc (NYSE: TWTR ) shares rose 2.5% after lawyers for the social media company said the $44 billion deal with Elon Musk was still on and that Musk’s attempt to terminate it was invalid.
PepsiCo Inc (NASDAQ: PEP ) shares were flat after the company raised guidance for the full year.
Gap Inc (NYSE: GPS ) shares fell 5.5% after the CEO stepped down after just two years on the job.
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