What happens

    Dow Jones Industrial Average DJIA, -0.46% fell 185 points or 0.6%, to 31,253.         The S&P 500 SPX, -0.85% fell 38 points or 1%, to 3,862.         The Nasdaq Composite COMP, -1.65% fell 202 points or 1.8%, to 11,323.

On Monday, the main indices fell to a moderately lower closing. The S&P 500, which has slipped into a bear market, has fallen 18% from year to date, What drives the markets The Conference Board Consumer Confidence Index fell to a 16-month low of 98.7 in June as Americans became more concerned about high gas and food prices and the health of the economy. Economists in a Wall Street Journal poll predicted that the index would fall to 100 from the revised 103.2 in May. “The persistent weakness in confidence surveys suggests that a recessionary environment can become self-fulfilling,” John Lynch, head of investment for Comerica Wealth Management, said in an email. “While cash on household balance sheets and the two jobs for each jobseeker support economic activity, inflation has put pressure on the climate and may weigh on consumption and investment decisions,” Lynch said. “For equity investors, this is reflected in the persistent leadership of the defense in relation to the cyclists in the first half of the year.” Global stocks, particularly travel stocks, rose early Tuesday, with analysts linking support to moves by the Chinese government, which said it would shorten quarantine time for international travelers and those who have been in close contact with patients. COVID-19 in 10 days out of 21 days. Beijing will also ease quarantine testing requirements. Also, six of the largest US banks said they have enough capital to either maintain or increase their dividends to shareholders after devoting enough to tackle the more extreme economic conditions expected next year. Wells Fargo & Co. WFC, + 1.16% and Goldman Sachs Group Inc. GS, + 0.88% both increased their payments by 20%, while Morgan Stanley MS, + 2.35% recorded an increase of 11%. Bank of America Corp. BAC, + 1.17% increased its dividend by 5%, while Citigroup Inc. C, -0.50% and JPMorgan Chase & Co. JPM, + 0.70% kept their dividend stable. You need to know: Oaktree’s Howard Marks finds opportunities. “I’m starting to behave aggressively,” he says US stocks fell on Monday after bond yields rose. Analysts had expected portfolio balancing at the end of the month and quarter to be supportive for stocks this week, although doubts remain about the duration of the recovery from recent lows. “It is difficult to draw concrete conclusions so close to the end of the quarter, when the rebalancing flows are muddy,” said Marios Hatzikyriakos, a senior investment analyst at XM. The yield on the 10-year BX: TMUBMUSD10Y bond increased by 1 basis point to 3.205%. Debt returns and prices are moving in the opposite direction. New York Fed Chairman John Williams said in a televised interview that he expects the US economy to see a slowdown but not a recession as the central bank tightens monetary policy in an effort to curb inflation. Williams said he expected policymakers to discuss raising interest rates by another 50 or 75 basis points when they meet in July, after rising 75 basis points this month – the highest since 1994. The data showed that the US trade deficit in goods fell by 2.2% in May to $ 104.3 billion. The S&P CoreLogic Case-Shiller 20-city index rose 21.2% year-on-year in April, up slightly from 21.1% the previous month. In April, the 20-month index increased seasonally adjusted by 2.3%. A separate report from the Federal Housing Finance Agency showed a monthly profit of 1.6%. And last year, the FHFA index rose by 18.8%. Companies in focus

    Shares of Nike Inc.  NKE fell 5.2% after the garment maker exceeded earnings estimates, but was wary of the margins, especially in China.  However, Chinese stocks rose after quarantine requirements eased in the world’s second-largest economy.         H JetBlue Airways Corp.  Shares of JetBlue rose 0.5%, shares of Spirit gained 1.4% and shares of Frontier rose 2.2% amid a positive tone in the aviation industry.  The popular US Global Jets ETF JETS, + 1.52% rose 1.6%.

Other assets

    The ICE US Dollar Index DXY, + 0.39%, a measure of the currency against a basket of six major opponents, rose 0.5%.         Bitcoin BTCUSD, -0.85% fell 0.6% nea5 $ 20,600.         Oil futures rose, with the US benchmark CL.1, + 2.20% rise 1.1% close to $ 111 a barrel.  GC00 gold futures fell -0.07%, down 0.1% to close at $ 1,822 an ounce.         The Stoxx Europe 600 SXXP, + 0.27% rose 0.7%, while the FTSE 100 UKX in London, + 0.90% strengthened 1.3%.         The Shanghai Composite SHCOMP, + 0.89% and the Hang Seng Index HSI of Hong Kong, + 0.85% each closed 0.9% higher, while the Japanese Nikkei 225 NIK, + 0.66% rose 0.7 %.