S&P 500 opens at two-month low as trade tensions mount

Credit: REUTERS/BRENDAN MCDERMID

May 29 (Reuters) - The S&P 500 opened at a more than two-month low on Wednesday as China's readiness to escalate its trade war with the United States fueled fears that the dispute could be long drawn and weigh on global growth.

The Dow Jones Industrial Average .DJI fell 116.31 points, or 0.46%, at the open to 25,231.46. The S&P 500 .SPX opened lower by 12.14 points, or 0.43%, at 2,790.25. The Nasdaq Composite .IXIC dropped 54.33 points, or 0.71%, to 7,553.02 at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Anil D'Silva)

((Medha.Singh@thomsonreuters.com ; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130; Reuters Messaging: medha.singh.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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