(Reuters) – The S&P 500 opened at a more than two-month low on Wednesday as China’s readiness to escalate its trade war with the United States fueled fears that the dispute could be long drawn and weigh on global growth.

The Dow Jones Industrial Average fell 116.31 points, or 0.46%, at the open to 25,231.46. The S&P 500 opened lower by 12.14 points, or 0.43%, at 2,790.25. The Nasdaq Composite dropped 54.33 points, or 0.71%, to 7,553.02 at the opening bell.