S&P 500, Dow open lower as Sino-U.S. ties worsen

Posted on July 22, 2020

A nearly empty trading floor is seen as preparations are made for the return to trading at the NYSE in New York

FILE PHOTO: A nearly empty trading floor is seen as preparations are made for the return to trading at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020. (REUTERS/Brendan McDermid)

BY MEDHA SINGH

The S&P 500 and Dow opened lower on Wednesday as an escalation in tensions between United States and China offset optimism about another round of fiscal stimulus for the virus-stricken economy.

The Dow Jones Industrial Average <.DJI> fell 15.84 points, or 0.06%, at the open to 26,824.56. The S&P 500 fell 1.98 points, or 0.06%, at 3,255.34 after market open. The Nasdaq Composite <.IXIC> gained 7.22 points, or 0.07%, to 10,687.58 at the opening bell.