Stocks Slipped at Open as Doubts over U.S.-China Trade Deal Emerged

U.S. stocks edged lower at open on Tuesday as optimism for a trade war resolution began to fade. The Dow Jones Industrial Average lately fell 172.87 points, or 0.67%, to 25,653.56. The S&P 500 declined 13.80 points, or 0.49%, to 2,776.57. The Nasdaq Composite shed 40.82 points, or 0.55%, to 7,400.69.

Oil prices on Tuesday extended a the strong start to the week, ahead of an OPEC meeting that is expected to result in a production cut. West Texas Intermediate crude for January delivery was up $1.14, or 2.2%, at $54.09 a barrel. February Brent crude jumped another $1.48, or 2.4%, at $63.17 a barrel.