Significant losses on Wall Street – Tesla stock in the spotlight

new York After the long weekend in the US, the economic pessimists are back at the helm on Wall Street. The leading indices Dow Jones, Nasdaq and S&P 500 fell by around two percent at the opening on Tuesday.

“Recession concerns are dominating the market,” said Sam Stovall, chief investment strategist at research house CFRA. “The key question now is how much disappointing the second quarter numbers and outlook will be given the slowing economy.”

Against this background, some investors fled to “safe havens” such as the world’s leading currency. The dollar index, which reflects the exchange rate for important currencies, rose by up to 1.4 percent and was quoted at 106.60 points, the highest it was almost 20 years ago. US Treasuries were also in demand, with the yield on 10-year bonds falling to 2.811 percent.

Look at the individual values:

Crocs: Crocs shares are up three percent in early trade after Loop Capital upgraded the stock to a buy from a hold.