Wall Street’s rally stalled on Wednesday after U.S. stocks climbed back within 2% of their all-time high. The Standard & Poor's 500 fell 0.3% for its first loss in four days. The Dow Jones Industrial Average was virtually unchanged after edging down by 1 point,

U.S. trade talks in London that could have a huge impact on the global economy. Futures for the S&P 500 and the Nasdaq each inched up 0.1% before the bell Tuesday, while futures for the Dow Jones Industrial Average were essentially flat.

Asian shares were mixed on Tuesday as investors kept a wary eye on China-U.S. trade talks that could have a huge impact on the global economy. U.S. futures were flat and oil prices rose. A second day of talks was planned after U.

US stocks traded higher on Wednesday mid-day as investors cheered softer-than-expected inflation data and early signs of a thaw in US-China trade relations. Gains were broad-based, though tech and industrials saw stronger moves on hopes of policy stability and easing global tensions.

Wall Street's main indexes rose on Wednesday, as a tame inflation report calmed investor concerns around tariff-driven price pressures while markets awaited more details on Sino-U.S. trade talks. Data showed consumer prices increased only marginally in May,