US stocks close lower after Trump's remarks

US stocks fell during today's trading, shedding earlier gains in the past sessions, which pushed them to unprecedented historical levels, amid concerns on Wall Street after US President Donald Trump's remarks, which renewed fears about the war trade.

Trump said there is still a long way to go before talking about the possibility of a final trade deal with China and stressed that his administration might impose additional tariffs on imports from Beijing worth $325 billion.

On the other hand, the Federal Reserve Chairman, Jerome Powell, said that inflation in its core value rose in America to 1.7% last month, but expectations does not suggest that it will rise near the Fed's target of 2%.

Powell renewed his remarks, which hint at risks around the US economy due to uncertainty in the markets, the slowing global economic growth and the trade war.

Government data showed that US retail sales rose by 0.4% last month, while import prices fell 0.9%.

In the crude market, West Texas fell by 3.3% to $57.62 per barrel, the highest at $60.06 and the lowest at $57.07.

Brent fell 3.2% to close at $64.35 per barrel, with a high of $67.09 and a low of $63.8.

At the close of the session, Dow Jones fell 0.09% (equivalent to 23 points) to 27,335 points, the highest level at 27,398 points and the lowest level at 27,290 points.

Nasdaq slipped 0.4% (35 points) to 8,222 points, and hit a high of 8,259 points and a low of 8,204 points.

Standard & Poor's shed 0.3% (10 points) to 3,003 points, and recorded a high of 3,015 points and a low of 3,001 points.