(CNBC) -- Stocks dipped on Tuesday as a looming U.S.-China trade deadline dampened investor sentiment.
The Dow Jones Industrial Average closed 27.88 points lower, or 0.1% at 27,881.72. The S&P 500 also lost 0.1% to close at 3,132.52. The Nasdaq Composite dipped 0.1% as well to 8,616.18, dragged down by Netflix.
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China and the U.S. have until Sunday to strike a so-called phase one trade deal. If an agreement wasn’t reached by then, new U.S. tariffs will take effect.