Markets Right Now: Stocks dip on further trade tensions

The latest on developments in financial markets (all times local):


9:35 a.m.

Stocks are opening lower on Wall Street as investors react to another increase in trade tensions between China and the U.S.

The World Trade Organization said Tuesday it will review China’s request to put trade sanctions on the U.S. for failing to abide by WTO rules on anti-dumping measures.

Industrial and materials companies, which investors see as vulnerable in trade disputes, took some of the worst losses. Johnson Controls fell 2.6 percent and Freeport-McMoran lost 4.2 percent.

The S&P 500 index fell 9 points, or 0.3 percent, to 2,868.

The Dow Jones Industrial Average lost 83 points, or 0.3 percent, to 25,773. The Nasdaq shed 38 points, or 0.5 percent, to 7,885.

The yield on the 10-year Treasury note rose to 2.96 percent.