Michael M. Santiago/Getty Images
- US stocks fell Tuesday as the shortened trading week starts off with ongoing worries about interest rates.
- Walmart and Home Depot also offered cautious outlooks.
- The S&P 500, which fell last week, may post its third consecutive decline.
Stocks fell on Tuesday as the holiday-shortened week kicked off with ongoing concern about the Federal Reserve keeping interest rates elevated as well as a warning from Morgan Stanley that stocks could crash within months.
The S&P 500 was on course for a third consecutive loss. The index last week slipped 0.3%, marking a second straight weekly decline. Markets were still feeling the weight of outlooks from Fed officials last week that more interest rate hikes may be needed to further tame inflation.