Stocks Opened Slightly Lower, Oil Prices Fell

U.S. stocks opened modestly lower on Tuesday, as investors turned risk averse and as multiple geopolitical concerns weighed on sentiment. The Dow Jones Industrial Average lately fell 28.07 points, or 0.13%, to 21,155.97. The S&P 500 lost 3.35 points, or 0.14%, to 2,432.75. The Nasdaq Composite was off 0.01 point, to 6,295.68.

Crude-oil futures fell Tuesday, as investors shifted their focus back on a supply glut with U.S. producers continuing to expand their oil digging operations despite softening prices. Light, sweet crude futures for delivery in July traded at $47.04 a barrel, down 16 cents, or 0.3%. August Brent crude fell 16 cents, or 0.3%, to $$49.31 a barrel.

U.S. home prices marched higher in April, with the strongest gains in the West, according to a report out Tuesday. The national home price index from data provider CoreLogic was 6.9% higher than a year ago, and 1.6% higher than in March.

Amazon (AMZN) is giving a price break on its prime service to low-income consumers on food stamps and other government assistance. Customers who receive benefits such as the Supplemental Nutrition Assistance Program, or food stamps, can pay $5.99 per month for membership, which would include free shipping and unlimited streaming of movies and TV shows with Prime Video.