US stocks close lower after Fed minutes

US stocks fell on today's trading as concerns over the US-China trade war continued, to keep losses after the reveal of the Federal Reserve's meeting minutes.

The Central Bank's minutes showed that the majority of members agreed that the patient approach in raising interest rates is appropriate for some time while stating that there's no need to move interest rates up or down at the moment.

US Treasury Secretary Stephen Manuchen said Trump would not impose more tariffs on imports of Chinese goods at least a month ago, citing an assessment of the recent increase in tariffs.

US Treasury Secretary Steven Mnuchin said Trump will not impose more  tariffs on imports of Chinese goods at least for another month, hinting an ongoing assessment of the latest decision to increase tariffs.

In terms of trading in the oil market, West Texas rose by 2.7% to close at $61.42 a barrel, the highest price of the day at $63 and the lowest at $61.03.

Brent fell 1.7% to $70.99 a barrel, hitting a high of $72.04 and a low of $70.4.

At the close of the session, Dow Jones fell 0.4% (equivalent to 100 points) to reach 25,776 points, the highest level at 25,878 points and the lowest at 25,755 points.

Nasdaq fell 0.4% (35 points) to 7,751 points, with a high of 7,786 points and a low of 7,738 points.

Standard & Poor's shed 0.3% (8 points) to 2856 points, the highest level at 2,865 points and the lowest at 2,851 points.