Wall Street opened higher on Monday after positive economic data from China, but the rise did not last long as investors worried about the growth outlook in the United States and Europe.
The Dow Jones Index was up 5 points, to 12,820 and the Nasdaq Composite was up 4 points, to 2,909.
Share markets in Europe fell for a fourth consecutive session. The FTSE 100 in London was down 0.04%, the DAX in Frankfurt was down 0.07% and the CAC-40 was down 0.35%.
The Australian 200 Index fell 14 points, or 0.3%, to 4448 and the NZX 50 closed up 26 points to 3984
At 8.30am on Tuesday, the New Zeakland dollar was trading at 81.79 US cents, 78.43 Australian cents, 51.53 pence, 64.99 yen and 0.6433 euro. The Trade Weighted Index was at 73.22.
Brent crude oil was trading at $US111.28 per barrel and gold was trading at $US1728. 65 per ounce.