U.S. stocks were extending gains in early-afternoon trading on Tuesday as investors closely monitored trade talks between the US and China, while awaiting the release of the consumer-price index for May on Wednesday morning.

U.S. stocks drifted just below their all-time high as the wait continues to hear what will come of trade talks underway between the United States and China.

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Stocks have been trading sideways all day, but the Dow, especially, has been stuck in a narrow range. The blue-chip index was recently up 17 points, moving in and out of positive territory. It has traded as low as 42,

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.

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The major indexes rose Tuesday, as Tesla and Google masked growth weakness. The CPI inflation report is on tap.