President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Stocks eked out small gains in volatile trading Wednesday, with the Nasdaq briefly hitting a 14-year high.
(Read more: Buying alpha: Theeasiest way to stock gains)
The Dow Jones Industrial Average rose 18.75 points to finish at 16,198.41. Wal-Mart climbed, while McDonald's slid.
The eked out a gain of 0.04 points to close at 1,845.16. And the Nasdaq edged up 4.48 points to end at 4,292.06. The index briefly touched a 14-year high.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded above 14.
Meanwhile, the Russell 2000 index earlier hit a new high of 1,183.04, topping its previous all-time record of 1,182.04 reached in mid-January.
Among key S&P sectors, energy and telecoms dragged, while materials held modest gains.
Stocks were higher for most of the session, lifted by encouraging news on the housing front. New home sales spiked 9.6 percent in January, jumping to a 5-1/2 year high, to a seasonally adjusted annual rate of 468,000 units, according to the Commerce Department. Economists polled by Reuters had forecast new home sales falling to a 400,000-unit pace.
Earlier, weekly mortgage applications fell to its lowest level in nearly two decades, according to the Mortgage Bankers Association, pointing to weakness in buyer demand heading into the usually-busy spring housing season.
(Read more: CEOs are bucking housing's bad numbers)
Meanwhile, Boston Federal Reserve Bank President Eric Rosengren said the recent drop in the unemployment rate overstates the health of the labor market and in the central bank's easy monetary policy.
Fed Chair Janet Yellen is scheduled to testify before the Senate Banking Committee on Thursday, in her second testimony before Congress this month.
During her testimony before the House Financial Committee, she underscored the Fed would continue on a course to taper back its $65 billion-a-month bond-buying program, unless there was a notable change in the economy. Traders expect another cut of $10 billion when central bankers meet in March.
Among earnings, Target jumped after the retailer edged past Wall Street expectations. The company said the December data breach shaved two cents a share off its earnings and impacted sales as well, though CEO Gregg Steinhafel said sales trends have improved in recent weeks. The stock is on pace for its largest gain since August 2009.
In addition, crude oil inventories for last week will be published at 10:30 am ET.
(Read more: Crude prices could do an about-face, and soon)
Meanwhile, the Federal Reserve's Eric Rosengren will speak in Boston on the economy at noon ET.
Treasury prices were little changed after the government auctioned $35 billion in 5-year notes at a high yield of 1.530 percent. The bid-to-cover ratio, an indicator of demand, was 2.98.
On Tuesday, major averages wavered between small gains and losses throughout the session, ultimately ending in the red after the S&P failed to break above Monday's record. The index is less than 1 percent below its all-time high.
(Read more: Beware the bear: Sectors, retail struggle in rally)
European shares slipped amid concern over China's economy.
"The market has priced in imminent financial crisis in China, with current valuations reflecting a big equity risk premium," Fan Cheuk Wan, CIO of Asia Pacific at Credit Suisse Private Banking, told CNBC.
—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @)
Coming up this week:
THURSDAY: Durable goods orders, jobless claims, natural gas inventories, Kansas City Fed mfg index, 7-year note auction, Fed's Lockhart speaks; Earnings from Best Buy, Kohl's, Wendy's, Decker's Outdoor, Gap, Monster Beverage, Ross Stores
FRIDAY: GDP, Chicago PMI, consumer sentiment, pending home sales, Fed's Stein speaks, Fed's Evans speaks
More from CNBC.com: