U.S. stocks waver amid Fed speakers, Deutsche Bank concerns

U.S. stocks traded in a narrow range on Tuesday, as investors awaited news on Deutsche Bank's settlement and digested remarks from the U.S. Federal Reserve officials.

At midday, the Dow Jones Industrial Average shed 17.81 points, or 0.10 percent, to 18,236.04. The S&P 500 lost 2.79 points, or 0.13 percent, to 2,158.41. The Nasdaq Composite Index ticked up 4.17 points, or 0.08 percent, to 5,305.04.

In Europe, shares of Deutsche Bank rose in the first trading day following a long weekend. The German lender saw a roller-coaster ride last week, after Bloomberg reported that a group of hedge funds were reducing their exposure to the bank.

Deutsche Bank's U.S.-listed shares increased more than 1.5 percent in the morning trading Tuesday.

Meanwhile, Wall Street focused on Fed speakers for more indications on the timing of next interest rate hikes.

Richmond Fed President Jeffrey Lacker, a non-voting member of the Fed's policymaking committee, said there was a strong case to raise interest rates, according to Reuters.

Cleveland Fed President Loretta Mester said on Monday that the central bank should not delay raising rates.

Traders will keep a close eye on Friday's nonfarm jobs report this week for more clues on the central bank's next move.

U.S. stocks ended lower after wavering in a tight range Monday, as Wall Street digested economic data for more indications on the country's economy health. Endit