Wall Street Opens Lower on Growing US–China Tensions

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on July 27, 2022. (Brendan McDermid/Reuters)

U.S. stock indexes opened lower on Tuesday on concerns that a planned visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan could worsen tensions between the United States and China.

The Dow Jones Industrial Average fell 107.11 points, or 0.33 percent, at the open to 32,691.29. The S&P 500 opened lower by 14.42 points, or 0.35 percent, at 4,104.21, while the Nasdaq Composite dropped 81.31 points, or 0.66 percent, to 12,287.67 at the opening bell.