Stocks ended flat to weaker Tuesday in quiet trading as the market steadied after Monday's broad selloff. Traders watched for more trade news and focused on rising bond yields. The Dow Jones industrial average lost 0.4 percent, the S&P 500 eased 0.1 percent and the Nasdaq was flat. US Treasury yields and oil prices rose while the dollar slipped.

Investors generally remain hopeful for positive news on trade and reacted calmly to Tuesday's new trade twists. On Monday, stocks fell after President Trump announced new tariff rates for several trading partners and extended the effective date for his so-called reciprocal tariffs to Aug. 1. On Tuesday he pledged not to grant more extensions after Aug. 1. Trump said Tuesday that he would impose a 50 percent tariff on copper imports and he threatened to impose tariffs of 200 percent on drug imports in a year's time. Neither had a broad impact although the copper news lifted metals stocks and copper prices while the pharma threat depressed drug stocks.

News that US consumer 1-year inflation expectations declined in the latest month while longer-term expectations were flat was welcome for investors wary of inflation but rising bond yields were a bigger factor Tuesday.

Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.

Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.