Wall Street gains halve after report of China pushback on trade
Wall Street`s main indexes pared gains sharply on Tuesday following a Bloomberg report that U.S. officials are concerned China is pushing back against American demands in trade talks.
U.S. stocks were much higher earlier as investors anticipated a more accommodative policy stance from the federal Reserve at the end of its two-day meeting this week.
At 12:58 p.m. ET the Dow Jones Industrial Average was up 63.01 points, or 0.24 percent, at 25,977.11, the S&P 500 was up 8.30 points, or 0.29 percent, at 2,841.24 and the Nasdaq Composite was up 25.39 points, or 0.33 percent, at 7,739.87.
Moments before the report, the Dow Jones Industrial Average was up 145.46 points, or 0.56 percent, at 26,059.56. The S&P 500 was up 14.68 points, or 0.52 percent, at 2,847.62 and the Nasdaq Composite was up 45.53 points, or 0.59 percent, at 7,760.01.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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