Wall Street slips as business concerns reduce optimistic gains

US equities closed slightly lower on Friday as rising commercial concerns fueled by the latest pricing threats by US President Donald Trump against China offset a series of strong gains by Microsoft.

The Dow Jones Industrial Average recorded its third consecutive weekly gain, while the S & P 500 also rose for the third consecutive week after posting a profit for the period.

Shares of Microsoft Corp. (MSFT.O) peaked and closed the session by 1.8% due to a sharp rise in earnings in the second quarter. The company trimmed the race with Apple Inc. (AAPL.O) and Amazon.com (AMZN.O) in the race for a $ 1 trillion market value.

Microsoft's lead provided the biggest support to the S & P 500 and the Nasdaq

Trump said he was ready to impose tariffs on the $ 500 billion worth of $ 500 billion. Chinese imports, the latest salvo of a series of protectionist measures that have provoked retaliation by US trading partners "I think that there is a demarcation line in the street," said Robert Pavlik Chief Investment Strategist at SlateStone Wealth LLC in New York. "One of the parties believes that (the trade dispute) will only lead to a global recession, where the other party believes that the president is trying to get the other party to negotiate."

Trump also reiterated his criticism of planned increases In a publication on Twitter, it is written that the tightening of US monetary policy would reduce any US trade advantage.

Long-term yields on US government bonds The United States feared that the president's comments would encourage Fed Chairman Jerome Powell to slow the pace of rising US government bond yields. US central banks, which could increase inflationary pressures.

can control interest rates, "Pavlik said." He's not a king. So I think the reaction of the street to this is a significant overreaction. "

As the reporting season for the second quarter grows, analysts' forecasts have become more promising.The earnings of the S & P 500 companies are estimated to have increased by 22.0% over the past year. in the quarter, compared to 20.7% on July 1, according to Thomson Reuters I / B / E / S.

87 S & P 500 companies reported results, 83.9 percent of which exceeded

The Dow Jones Industrial Average .DJI fell 6.38 points, or 0.03 percent, to 25,058.12, the S & PP 500.SPX lost 2.66 points, or 0, 09%, at 2,801.83 and the Nasdaq compound .IXIC lost 5.10 points, or 0.07%, to 7,820.20.

Shares of diversified manufacturer Honeywell International Inc. increased 3.8 percent, after profits surpassed expectations and the company increased profit forecasts.

General Electric Co (GE.N) lost 4.4 per cent, the biggest drag in S & P S. P 500, after the conglomerate reported a lower than expected decline and it reduced its cash flow goal.

Decreasing problems were more numerous than those which rose on the New York Stock Exchange by a ratio of 1.12 to 1; on the Nasdaq, a ratio of 1.11 to 1 favored those who fell.

The S & P 500 recorded 21 new highs of 52 weeks and two new lows; the Nasdaq compound recorded 109 new highs and 38 new minimums.

The volume on the US stock exchanges was 6,000 million shares, compared with the average of 6.42 billion shares of the full session over the last 20 days of trading