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, Reuters reports. The S&P 500 opened lower by 4.69 points, or 0.14 percent, at 3,289.92. The Nasdaq Composite, dropped 4.91 points, or 0.04 percent at 10,897.89 at the opening bell. The Dow Jones Industrial Average was up by 0.21 points at the open at 26,664.61.

Source: The Standard August 04, 2020 14:03 UTC