U.S. stocks opened slightly lower on Tuesday even after news reports indicated both Washington and Beijing were preparing to delay tariffs due to kick in on Dec. 15.

Stock-market futures were trading sharply lower in the morning but shed their losses towards the opening bell.

The S&P 500 edged 0.1% lower to 3,133. The Dow Jones Industrial Average retreated 36 points, or 0.1%, to 27,874. The Nasdaq Composite was down 0.1% to 8,614.

The delay of import duties in December are seen as particularly important because they would apply to a wider swathe of consumer goods, delivering a more direct hit to households which have seen a muted impact from U.S.-China trade tensions so far.

Source : Market Watch