U.S. stocks open sharply lower Tuesday morning after the July 4 holiday

U.S. stocks opened sharply lower Tuesday, with all three major benchmarks falling after the July 4 holiday as recession fears continue to weigh on the market. The Dow Jones Industrial Average was down around 450 points, or 1.5%, soon after the opening bell, while the S&P 500 also fell around 1.5% and the Nasdaq Composite dropped 1.6%, according to FactSet data, at last check. Investors will see fresh data on factory orders at 10 a.m. Eastern Time.

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