Stocks opened lower on Tuesday amid intensifying anxiety about President Donald Trump's meeting with his Chinese counterpart, Xi Jinping, later this week. The S&P 500 index declined 4 points, or 0.2%, to 2,355, while the Dow Jones Industrial Average retreated 16 points, or 0.1%, to 20,626. The Nasdaq Composite Index shed 15 points, or 0.3%, to 5,880. Shares of Nvidia Corp. sold off after analysts at Pacific Crest turned bearish on the company, citing concerns about growth. Texas-based retailer Conn's Inc. saw its shares rocket higher after it posted better-than-expected earnings. Acuity Brands Inc. shares slumped after the company reported second-quarter results. Trump is expected to meet with Xi at Mar-a-Lago, Trump's estate in Palm Beach, Fla. The two-day meeting begins Thursday. Some are worried about the potentially tense meeting, as Trump has repeatedly accused China of unfair trading practices and currency manipulation.
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