Top 10 things to watch Tuesday, July 2 Wall Street is headed for a lower open Tuesday, a day after the tech-heavy Nasdaq Composite closed at a record high. The S & P 500 and Dow also advanced to kick off the holiday-shortened trading week. The S & P 500 enters Tuesday just 0.2% below its record close on June 18. The Dow is about 2.1% below its May 17 peak. Stifel boosted its price targets on Costco and Walmart after a deep dive on the U.S. grocery market showed accelerating share gains for the companies. Analysts’ new target for Club name Costco of $900 a share, up from $850, implies 6.4% upside from Monday’s close. Stifel went to $71 a share from $69 on Walmart, implying 5.2% upside. Citi downgraded homebuilders DR Horton and Lennar to a hold-equivalent rating to reflect a slowing housing market, which has been weighed down by elevated interest rates. Both stocks were moving lower Tuesday morning. Seaport Research downgraded…
10 things to watch in the stock market Tuesday after the Nasdaq’s record close
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