Wall Street trims gains as focus continues on trade talks

US stock indices rose on Tuesday amid market optimism on US-China trade talks but energy losses weighed on the energy sector. 

President Trump said he'd be happy to cancel tariffs if a deal is reached with China, adding his administration is nearer that goal than ever. 

Chinese President Xi Jinping also said the talks will carry on in Washington this week, hoping for an agreement soon before the truce deadline in early March. 

Trump also said his win 2016 was a boon to investors and the stock market, noting that if Clinton had won, the stock market would have lost 10,000 points. 

He believes Clinton would have led to a mass collapse in the stock market. 

US West Texas rose 0.9% to $56.09 a barrel, with a session-high at $56.3, while Brent retreated 5 cents to $66.45 a barrel. 

Dow Jones rose 8 points to 25,891, with an intraday high at 25,961. 

Nasdaq added 0.1%, or 14 points to 7,486, with a session-high at 7505. 

Standard and Poor's 500 inched up 0.1%, or 4 points to 2,779, with an intraday high at 27,87.