U.S. stocks closed almost flat

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      U.S. stocks closed flat on Tuesday, ending a six-day run of gains as investors gasped after a recent rally and new concerns about the trade war between the United States and China surfaced.
U.S. President Trump said Tuesday that he was holding back from reaching a trade agreement with China and that he had no intention of pushing forward negotiations unless Beijing agreed again on four of the five "points".
In addition, Trump said he was prepared to impose a new tariff on Chinese imports if he could not reach a trade agreement with the Chinese president at the G20 summit later this month.
U.S. stocks rose early as optimism about Trump's decision late Friday to suspend tariffs on Mexican imports continued to grow.
"Trade confidence drives everything," said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.
"We see today that the market is more pessimistic about what may happen at the end of this month. Most of the sales in May may have been attributed to news from China and Mexico.
Some strategists say investors may or may not be willing to push up the stock market without new catalysts to support the market.
The U.S. Core Producer Price Index (PPI) rose for the second consecutive month in May. The report is expected to support the Federal Reserve's view that recent weak price data may be temporary and that inflation will gradually move towards the 2% target set by the Federal Reserve.


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