Stocks turned lower on Tuesday, giving back solid gains from earlier in the day, as investors digested the latest developments from the U.S.-China trade war.
The Dow Jones Industrial Average was down 35 points, or 0.1%. The S&P 500 slipped 0.2% while the Nasdaq Composite pulled back 0.3%. The Dow rose as much as 155 points earlier on Tuesday.
Sentiment initially got a lift on Tuesday after China announced measures aimed at boosting consumption, including potentially removing car-buying restrictions. Auto stocks rose on the news. Ford Motor gained 0.3%. Fiat Chrysler and Ferrari rose around 1% each.