US stocks closed flat on Tuesday as a solid rally faded on concerns about US-China trade talks.
Wall Street is getting whipped around by the latest reports on US-China trade talks.
The back-and-forth action on Wall Street shows how sensitive investors are to developments in the trade war.
The massive rally in US and China stocks over the past three months has been driven in part by hopes that trade peace will be reached. Any failure to reach a deal could deliver a setback to financial markets.
Here are some of the day's biggest movers:
Wall Street is feeling good heading into the Federal Reserve meeting.
Canadian cannabis firm Tilray may not be making money just yet. But sales are surging following the legalization of recreational pot in Canada last year.
China is back -- as the biggest risk keeping investors awake at night.
Others are more worried about the vast amounts of debt Corporate America has racked up over the past decade of easy money. Ten percent of investors surveyed by Bank of America said the top risk is a corporate credit crunch.
The company announced on Tuesday its iMac line is getting a refresh:
Apple says the new devices will be better at handle multi-tasking and graphics performance.
Perhaps Apple feels the same way about the new iMacs.
"As a negotiating strategy, it might've worked," Dimon told CNN's Poppy Harlow.
The comments are in stark contrast with at least one Trump adviser. Former White House economist Gary Cohn, who was once second in command at Goldman Sachs, flatly said last week that "tariffs don't work."
"But if the president were here, he'd say, 'They worked. I got them to the table and no one else did,'" Dimon told CNN.