Stocks were headed for mild losses on Tuesday as investors shied away from making any major moves ahead of a second day of trade talks between China and the U.S. Futures tracking the Dow Jones Industrial Average were down 1 point,

Shifts in market sentiment continued on Tuesday as traders gauged the risks of an escalation in hostilities and broader involvement. Investors’ focus is especially on oil prices, with a commodity that had hovered near pandemic-era lows now emerging as an unexpected source of inflation.

U.S. stock futures and most European stock markets were near flat and Asian indexes ended mixed as investors await result of the U.S.-China trade talks.

Stocks looked set to climb on Monday as officials from China and the U.S. prepared to meet in London. The world’s two largest economies are trying to broker a lasting trade truce, and the outcome will matter a lot for company profits.

U.S. stock futures fell due to Middle East tensions and uncertainty over US-China trade deals. Boeing shares slumped after a crash in India. President Trump commented on regional instability. Oracle gained on strong AI-driven forecast,

The S&P 500 finished higher on Tuesday for a third straight session, with trade talks between the U.S. and China still ongoing in London.

Trump’s tariffs and the trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Inflation data is expected to be a key topic later in the week. The latest consumer price index is due out on Wednesday, followed by the producer price index on Friday. Traders will be looking for clues as to how the current tariff rates are flowing through the economy.