US STOCKS-Renewed U.S.-China trade tensions push down Wall Street

* Qualcomm slumps after judge rules it violated antitrust
law
* Lowe's, Nordstrom fall on lowered FY forecasts
* Indexes off: Dow 0.39%, S&P 0.28%, Nasdaq 0.45%

(Updates to market close)
By April Joyner
NEW YORK, May 22 (Reuters) - Wall Street's major indexes
dipped on Wednesday as inflamed trade tensions between the
United States and China weighed on investor sentiment.
A day after Washington's temporary easing of curbs against
Huawei Technology Co Ltd HWT.UL provided respite to U.S.
stocks, reports that the White House could impose restrictions
on another Chinese technology company rattled U.S. stocks anew.
Media reports on Wednesday said the Trump administration was
considering sanctions on video surveillance firm Hikvision.
Fears that tit-for-tat tariffs and other retaliatory actions
by the United States and China will hamper global growth have
kept investors on edge, putting the S&P 500 on track to post its
first monthly decline since the December sell-off.
"Business between the U.S. and China is not going to be what
it was two months ago," said Jim Awad, senior managing director
at Clearstead Advisors in New York. "They're going to tighten
the screws, and we're going to tighten the screws."
"The market is attempting to reset U.S. profit growth
expectations in light of that," he said.
The Dow Jones Industrial Average .DJI fell 100.72 points,
or 0.39%, to 25,776.61, the S&P 500 .SPX lost 8.09 points, or
0.28%, to 2,856.27 and the Nasdaq Composite .IXIC dropped
34.88 points, or 0.45%, to 7,750.84.
A tumble in shares of Qualcomm Inc QCOM.O and Lowe's
Companies Inc LOW.N helped drag down the benchmark S&P 500
index.
A federal judge ruled that Qualcomm illegally suppressed
competition in the market for smartphone chips by threatening to
cut off supplies and extracting excessive licensing fees. The
chipmaker's shares plunged 10.9%. Lowe's shares dived 11.8% after the home improvement chain
cut its full-year profit forecast. Another retailer, Nordstrom Inc JWN.N , also reduced its
sales and profit forecasts. Nordstrom shares dropped 9.2%.
However, shares of Target Corp TGT.N jumped 7.8%, the most
among S&P 500 companies, after the retailer's quarterly
same-store sales and profit beat estimates. The release of minutes from the Federal Reserve's latest
policy meeting, in which officials agreed that their patient
approach to setting monetary policy could remain in place "for
some time," had little impact on Wall Street's major indexes.
Declining issues outnumbered advancing ones on the NYSE by a
1.71-to-1 ratio; on Nasdaq, a 1.94-to-1 ratio favored decliners.
The S&P 500 posted 28 new 52-week highs and eight new lows;
the Nasdaq Composite recorded 43 new highs and 121 new lows.
Volume on U.S. exchanges was 6.00 billion shares, compared
to the 6.94 billion average for the full session over the last
20 trading days.