US stocks managed modest gains on Tuesday after holding near the unchanged mark for much of the session as enthusiasm over the U.S.-China trade truce faded after the United States threatened tariffs on additional European goods.
Washington’s proposed tariffs on $4 billion worth of European Union goods in an extended dispute over aircraft subsidies came just as trade tensions with China seemed to be easing.
Still, stocks have rallied to push the S&P 500 to a record for a second straight session in the wake of the U.S. trade truce with China. The benchmark index finished Monday’s session well off its highs, however, as investors questioned the lack of details in the agreement.
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