"Stock Market Today: Dow Opens Lower; Tesla, Rivian, UPS, and More in Focus"

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Source: The Wall Street Journal
"Stock Market Today: Dow Opens Lower; Tesla, Rivian, UPS, and More in Focus"
Photo: The Wall Street Journal
TL;DR Summary

Stock indexes opened lower as China's services sector expanded slower than expected, causing concerns about global growth. The Fed's minutes from its June meeting will be closely watched for signals on future interest rate hikes. US markets were closed for the July Fourth holiday. AstraZeneca and Moderna stocks rose, with AstraZeneca bouncing back after a selloff and Moderna signing a deal for drug production in China. Chinese stocks retreated, and global indexes declined. Commodity prices weakened, and Treasury bonds remained stable.

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