U.S equity markets were little changed Tuesday as investors remained hopeful the U.S. and China could make progress toward ending the costly trade war between the world’s two largest economies.

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All three of the major averages opened higher before rolling over ahead of the noon hour. Stocks gained more than 1 percent on Monday after President Trump said that his negotiators had received encouraging calls from China the previous day. China’s foreign ministry denied knowledge of any such calls.

“It remains all about trade as President Donald Trump’s comments on the matter had once again been the primary driver for markets at the start of the week,” said Jingyi Pan, market strategist at IG in Singapore. “Even though the sentiment had taken a positive turn on the latest update, uncertainty nevertheless persists to warrant a more cautious stance.”

Boeing recouped early losses, which came after the Russian aircraft-leasing company Avia Capital Services filed a lawsuit in an attempt to cancel its order of 35 737-Max aircraft. In its suit, Avia said the two crashes involving the aircraft were due to Boeing’s “negligent actions and decisions.”