NEW YORK (AP) — U.S. stocks are drifting just below their all-time high on Tuesday as the wait continues to hear what will come of trade talks underway between the United States and China.

The S&P 500 was 0.3% higher in afternoon trading as talks between the world’s two largest economies carried into a second day . The Dow Jones Industrial Average was up 73 points, or 0.2%, as of 1:54 p.m. Eastern time, and the Nasdaq composite was 0.3% higher.

Stocks have roared higher since dropping roughly 20% below their record two months ago, when President Donald Trump shocked financial markets with his announcement of stiff, wide-ranging tariffs. Much of the rally was due to hopes that Trump would lower his tariffs after reaching trade deals with countries around the world, and the S&P 5

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