The S&P 500 finished the day virtually unchanged and remained 2.8% below its all-time high. The Dow Jones Industrial Average fell 91 points, or 0.2%, and the Nasdaq composite added 0.3%.

German manufacturing orders unexpectedly rose in April, confounding fears that President Trump's ratcheting up tariffs would hit demand for German goods. Factory orders climbed 0.6% on month, ...