Investors are digesting Trump's stiff tariffs on imports from more than a dozen countries and delayed the return of sweeping April levies.

The Nasdaq composite held up the best among the major indexes, but wavered and was up just 0.2% in recent trades. The S&P 500 also wavered and edged into positive ground after falling 0.8% Monday. Small caps outpaced the market, with the Russell 2000 index lifting 0.5% higher. The Russell ended a six-day winning streak Monday.

Follow all the latest U.S. market action for Tuesday here to see if stocks can rally back to fresh highs after the latest tariff wobble.