The Dow and the S & P 500 are set to add to Monday's declines. Higher bond yields continue to pressure stocks and reduce odds of a Fed interest rate cut in June. The Nasdaq is also looking lower after closing higher Monday. Shares of Tesla drop more than 6% on Tuesday after disappointing first-quarter delivery and production numbers. U.S. oil prices jump almost 1.5% to just under $85 per barrel on escalating Mideast concerns and supply threats.
The Club's lone oil and natural gas stock, Coterra Energy , is little changed Tuesday and up 9.75% year to date. Shares of PVH sink more than 20% on Tuesday. The Tommy Hilfiger, Calvin Klein and Van Heusen company delivers very bad outlook. Is the world going frugal? Price target cuts at Wells Fargo and JPMorgan. General Electric completes its split into three companies. Power unit GE Vernova launches Tuesday. The remaining GE will become GE Aerospac