Actions end their 3-day winning streak as attention turns to Trump-Xi meeting

Spencer Platt / Getty

• Shares fell on Thursday, as Wall Street evoked a meeting between President Donald Trump and Chinese leader Xi Jinping.
• The Dow had posted its best day since March Wednesday after the US Federal Reserve Chairman delivered a Dovish speech.
• Follow the US indices in real time here.

Stocks fell on Thursday due to concerns over escalating trade tensions, a day after comments by the Federal Reserve, as the dovish has helped the Dow rally a lot to get back up for the past eight months.

The Dow Jones Industrial Average fell 0.11% and the Nasdaq Composite fell 0.25%. The S & P 500 was down 0.22%. The top three US indexes rose for a third consecutive session on Wednesday after Federal Reserve Chairman Jerome Powell said the rates were "just below". the neutral level.

"Markets have been encouraged by Powell's dovish remarks, but the rhetoric of US-China trade disputes ahead of the weekend's G20 summit is limiting investor enthusiasm," he said. Vincent Heaney, strategist at UBS.

Minutes of the last Federal Reserve Policy Meeting outside thursday indicated a December rate increase, but left the way for next year open. Market watchers are watching closely for signs of whether recent stock market turmoil or trade tensions may affect Fed rate developments.

The 10-year note yield dropped 1.6 basis points to 3.028% after the minutes, and the dollar he's raised slightly against a basket of peers.

President Donald Trump and Chinese Xi Jinping are expected to meet at the G20 summit in Argentina this weekend. Trump has been making contradictory comments about the talks in recent days, raising fears about the possibility of more tariffs being imposed between the world's largest economies.

"I think we're about to do something with China, but I do not know if I want to do it," he told reporters on Thursday, citing a potential deal aimed at easing tensions has been reported by The Wall Street Journal.

Do not help the mood, Reuters reported Thursday afternoon, Peter Navarro, a White House trade advisor, a virulent critic of China considered a tough guy, is expected to attend the Trump-Xi meeting.

As for commodities, oil rose 3% after Russia announced that it could reduce its production. With West Texas Intermediate below 50 dollars a barrel at the lowest of the session and Brent around $ 60, however, prices are still deep in bearish territory. OPEC and other major producers should discuss coordinated production levels at a meeting next week.