NEW YORK (AP) — U.S. indexes bounced between gains and losses on Tuesday and wound up mixed on Wall Street as trade tensions continued to simmer between Washington and Beijing.
The S&P 500 closed 0.2% lower after shifting between a steep morning loss and a recovery in the afternoon. The Dow Jones Industrial Average climbed 0.4% and the Nasdaq composite dropped 0.8% after making similar swings. The moves mark yet another series of sharp twists for markets over the last few days.
Wall Street tumbled on Friday for its worst day since April and bounced back on Monday for its best day since May. The swings were prompted by shifting trade sentiment between the U.S. and China.
The latest swing follows China’s Commerce Ministry banning dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean, swiping at President Donald Trump’s efforts to rebuild the industry in America. European markets were mixed and Asian markets fell.
All told, the S&P 500 fell 10.41 points to 6,644.31. The Dow Jones Industrial Average rose 202.88 points to 46,270.46, and the Nasdaq sank 172.91 to 22,521.70.