S&P 500, Nasdaq dip as U.S.-China tensions heat up over TikTok By Reuters

© Reuters. The spread of the coronavirus disease (COVID-19) in New York

(Reuters) – The S&P 500 and Nasdaq ticked lower on Tuesday as President Donald Trump’s moves to force China-owned TikTok into a sale of its U.S. operations drew a sharp rebuke from Beijing, ratcheting up tensions as the world slides into a pandemic-fuelled recession.

The S&P 500 () opened lower by 4.69 points, or 0.14%, at 3,289.92. The Nasdaq Composite () dropped 4.91 points, or 0.04%, to 10,897.89 at the opening bell.

The Dow Jones Industrial Average () rose 0.21 points at the open to 26,664.61.

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