(Reuters) – The New York Stock Exchange opened lower on Tuesday amid concerns about the strength of the world’s largest economy while a series of data expected this week should make it possible to assess the extent of the slowdown in growth observed in the United States.

In early trading, the Dow Jones index lost 138.66 points, or 0.36%, to 38,432.37 points and the broader Standard & Poor’s 500 fell 0.21% to 5,272.51 points.

The Nasdaq Composite fell 0.08%, or 14.09 points, to 16,814.58.

The monthly survey from the Institute for Supply Management (ISM) showed Monday that manufacturing activity in the United States contracted in May for a second consecutive month, leading to questions about the strength of the American economy.

“It was a day where the theme of American economic exceptionalism was called into question,” said Chris Weston, head of research at Pepperstone.

Several key reports scheduled for release this week are expected to provide a clearer picture of the U.S. economic health, particularly as it relates to the labor market. The release of the Jolts report on job vacancies is scheduled for 14:00 GMT on Tuesday, ahead of the closely watched non-agricultural employment data due on Friday.

In terms of values, Intel rose 1.09% after the launch of its new generation of Xeon processors for servers, the group having also announced that the price of its chips intended for artificial intelligence would be significantly lower than those of its competitors.

Tesla loses 0.58% after data from the Chinese Automobile Industry Federation showed that sales of electric vehicles manufactured in China by the American group fell 6.6% year-on-year to 72,573 units in May .

Gamestop fell 6.48% after gaining 21% on Monday thanks to a new publication by influencer Keith Gill, nicknamed “Roaring Kitty”, showing that he holds a position worth $116 million on the video game distributor.

(Written by Augustin Turpin, edited by Blandine Hénault)

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