Wall Street opens lower on fears of broader trade spat with China

US stocks opened lower on May 23, as investors feared that the US-China trade spat could spiral into a technology cold war between the two countries, with no signs of a resolution in sight.

The Dow Jones Industrial Average fell 118.62 points, or 0.46%, at the open to 25,657.99. The S&P 500 opened lower by 19.57 points, or 0.69%, at 2,836.70. The Nasdaq Composite dropped 90.13 points, or 1.16%, to 7,660.72 at the opening bell.