Investing.com - Wall Street was mostly flat on Wednesday, not unusual for a typically low-volume week, as trade tensions lingered
The S&P 500 gained 2 points, or 0.07%, to 2,900.18 as of 9:37 AM ET (13:37 GMT), while the Dow decreased 13 points, or 0.05%, to 26,050.17 and the tech-heavy Nasdaq Composite rose 17 points, or 0.22%, to 8,047.91.
Investors remained cautious ahead of a upcoming deadline in Sino-U.S. trade disputes, as a trade deal between the U.S. and Mexico that looked to include Canada was underway.
Canada's Foreign Minister Chrystia Freeland is in Washington to negotiate the country’s spot in the revisions of the North American Free Trade Agreement (NAFTA) following Monday's deal between the United States and Mexico. U.S. President Donald Trump has said he will levy tariffs on Canada if they do not agree with the new trade deal.
Meanwhile, the next round of U.S tariffs on $200 billion worth of Chinese goods are expected to take effect in late September after the public comment period ends on Sept. 5.
Technology stocks were among the top gainers after the morning bell, with Amazon (NASDAQ:AMZN) up 1.08% and Alphabet (NASDAQ:GOOGL) gaining 1.02%. Meanwhile, Salesforce.com (NYSE:CRM) inched up 0.18% and medical marijuana company Canopy Growth (NYSE:CGC) surged 3.28%.
Elsewhere, Tesla (NASDAQ:TSLA) fell 1.24%, while Advanced Micro Devices (NASDAQ:AMD) dipped 2.50% and Boeing (NYSE:BA) fell 0.25%.
In Europe stocks were mixed. Germany’s DAX rose half a point, or 0.01%, while in France the CAC 40 increased 4 points, or 0.08%, and in London the FTSE 100 was down 25 points to 0.33%. Meanwhile, the pan-European Euro Stoxx 50 dipped 0.10% to 0.31%, while Spain’s IBEX 35 slumped 103 points, or 1.08%.
In commodities, gold futures fell 0.19% to $1,212.10 a troy ounce, while crude oil futures increase 0.82% to $69.09 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.13% to 94.75.