Growth concerns dragged stocks lower on Tuesday, with all major indices trading in the red as investors took a cautious tone on riskier assets. The S&P 500 faced selling pressure when attempting to break above 5,300 levels. It traded down 0.4% by midday in New York. Major large-cap indices showed only marginal dips and small caps felt the brunt of the selloff while the iShares Russell 2000 ETF (NYSE:IWM) was down 1.4%. On The Macro Front Tuesday witnessed further indication of a potential slowing economic momentum, as already surfaced last week and on Monday. The number of job openings in April fell sharply by 296,000, reaching the lowest level since February 2021 and missing expectations. In response, traders increased their bets on a Federal Reserve rate cut in September. The CME Group Fed Watch tool now shows a 65% chance of a cut, up significantly from 46% last week. The prospect of lower interest rates boosted bond prices, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) rising 1%, on track ...