Wall Street is mixed on Wednesday as attention swings back toward how much profits companies are making and away from President Donald Trump’s tariffs, at least temporarily. The S&P 500 was 0.1% lower in early trading following mixed trading across European and Asian stock markets.

Wall Street shifted lower in early trading Wednesday as markets took in more corporate earnings reports while considering the impact of tariffs being imposed by the United States and China.

An eleventh-hour deal achieved President Trump's political aims, but Wall Street remains concerned that tariffs will become a permanent threat in negotiations.

Calm returned to Wall Street Tuesday, and tech stocks led U.S. indexes higher following a strong profit report from Palantir Technologies, a darling benefiting from the artificial-intelligence boom. The S&P 500 rose 0.

U.S. stocks initially fell sharply on worries about President Trump's tariffs but pared their losses after Mexico said it had negotiated a one-month reprieve.

The markets recovered some losses after Mexico's president announced a one-month tariff reprieve for her country.

Wall Street was mixed in light trading early Tuesday as anxiety dissipated somewhat after President Donald Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada. Trump's imposed tariffs on China remained in place.