Wall Street takes a high after China's pushback on trade

Wall Street's main indexes pared gains sharply on Tuesday following a Bloomberg report that U.S. officials are concerned China is pushing back against American demands in trade talks. U.S. stocks were much higher earlier as investors anticipated a more accommodative policy stance from the federal Reserve at the end of its two-day meeting this week.

At 12:58 p.m. ET the Dow Jones Industrial Average was up 63.01 points, or 0.24 per cent, at 25,977.11, the S&P 500 was up 8.30 points, or 0.29 per cent, at 2,841.24 and the Nasdaq Composite was up 25.39 points, or 0.33 per cent, at 7,739.87. Moments before the report, the Dow Jones Industrial Average was up 145.46 points, or 0.56 per cent, at 26,059.56. The S&P 500 was up 14.68 points, or 0.52 per cent, at 2,847.62 and the Nasdaq Composite was up 45.53 points, or 0.59 per cent, at 7,760.01. \