The US stock market is experiencing significant fluctuations as investors grapple with mixed signals surrounding trade negotiations between the US and China. After a brief rally, concerns over tariffs imposed by the Trump administration have led to a decline in stock futures for major indices like the Dow Jones, S&P 500, and Nasdaq. Recent reports indicate that hopes for a swift resolution to the trade conflict are dwindling, with China denying any ongoing talks. Meanwhile, key earnings reports from major companies, including Nvidia and Tesla, are anticipated as traders assess the economic landscape following a two-day rally. Amidst this uncertainty, the dollar has weakened, contributing to the cautious sentiment in the market.