US: S&P 500, Nasdaq dip as US-China tensions heat up over TikTok

[BENGALURU] 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 US 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 per cent at 3,289.92. The Nasdaq Composite dropped 4.91 points or 0.04 per cent to 10,897.89 at the opening bell.

The Dow Jones Industrial Average rose 0.21 point at the open to 26,664.61.

REUTERS

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