Market loses steam | WHO worried about Americas | Can Walmart match Prime?

Stocks were lower on Tuesday as coronavirus cases continue to rise.

VIEW IN BROWSER | SUBSCRIBE TUE, JUL 07, 2020 EVENING BRIEF AS OF TUE, JUL 07, 2020 • 04:14 ET DJIA 25890.18 -1.51% -396.85 S&P 500 3145.32 -1.08% -34.40 NASDAQ 10343.89 -0.86% -89.76   Most Active DOW NAME LAST CHG %CHG BA 178.88 -9.03 -4.81% MSFT 208.25 -2.45 -1.16% WMT 126.95 +8.06 +6.78% S&P 500 NAME LAST CHG %CHG AAL 11.91 -0.89 -6.95% GE 6.76 -0.24 -3.43% BAC 23.01 -0.65 -2.75% NASDAQ NAME LAST CHG %CHG AAL 11.91 -0.89 -6.95% UAL 32.55 -2.66 -7.55% MSFT 208.25 -2.45 -1.16% EDITOR'S NOTE The stock market appeared to be losing its optimism on Tuesday as coronavirus cases in the U.S. continued to climb.   Cases have more than doubled since mid-May, with more than 2.9 million people infected and more than 130,000 dead,  according to data from Johns Hopkins University.    Stock investors have long been betting on a swift economic recovery, but now states, including Florida, Texas and California, have paused reopening plans. The major indexes were lower Tuesday, and the Nasdaq - riding high on tech stocks not affected by the virus -  hit an intra-day peak before falling lower.   Reopening and reclosing businesses is both expensive and "cruel," billionaire restaurateur Tilman Fertitta told CNBC on Tuesday. Restaurants have to stock up on food and rehire employees. And if they're told to shut down again, they have to bear those costs and lay off their employees again.   "It's cruel and inhuman what we're doing to people right now," he said. "I'll survive this, but what we're doing to them is cruel."   The inconsistent, state-by-state approach to the pandemic isn't working. "At some point we've got to take all of the politics out of it" Fertitta said. "Let's get all the best in one room and let's put out a plan for the United States of America."     Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Stocks lower amid rising coronavirus cases Walmart's answer to Amazon Prime set to launch in July, according to report Mystified Tesla bears on Wall Street admit there appears to be nothing that can stop the stock right now WHO officials worried about rapidly spreading coronavirus outbreaks in the Americas Track the latest coronavirus news here Mary Trump tell-all paints president as a 'narcissist' who is 'lost to his own delusional spin' NASA and Boeing aim to redo Starliner spacecraft test later this year after investigating failures Deutsche Bank hit with $150 million penalty for relationship to sex offender Jeffrey Epstein Shake Shack says it lost $3.2 million in sales due to protests and curfews Ford expects relaunch of iconic Bronco SUV line to stoke U.S. sales, profits, executive says     TOP VIDEO Watch CNBC's full interview with Uber CEO Dara Khosrowshahi on Postmates deal   CNBC PRO Goldman Sachs tells clients to bet on these underperforming stocks into earnings   SPECIAL REPORTS As Netflix hits high above $500, market analysts target next big milestone Uber's Postmates deal: One trader says it's time to short the stock   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS