Trump said on Tuesday he had to confront China over trade even if it caused short-term harm to the USA economy because Beijing had been cheating Washington for decades.
Hopes for USA fiscal stimulus also got a knock when President Donald Trump reversed course and said he was not looking at cutting payroll taxes.
The MSCI world equity index .MIWD00000PUS , which tracks shares in 47 countries, was down 0.2%.
Against the Swiss franc, the dollar climbed 0.4% to 0.9820 franc.
The Dow rose 49.51 points, or 0.19%, to finish at 26,252.24, the S&P 500 lost 1.48 points, or 0.05%, to end at 2,922.95 and the Nasdaq Composite dropped 28.82 points, or 0.36%, to close at 7,991.39.
Some analysts expect a further correction in world shares, which are still above their December lows. The prospect of new elections in Italy after the resignation of Prime Minister Giuseppe Conte added to jitters, sending Italian sovereign bond yields sliding. -China trade conflict would tip the economy into a recession, a private survey showed.
Dale Earnhardt Jr. speaks out for 1st time since surviving plane crash
Earnhardt and his wife, Amy , their 1-year-old daughter, Isla Rose , their dog, Gus, and two pilots were on board at the time. Hicks also said investigators had talked to the Earnhardt family.
After selling off in the previous session, S&P futures are rebounding in early trade on Wednesday as investors await fresh clues on U.S. monetary policy.
The U.S. dollar was hovering just below three-week highs in subdued trade on Wednesday as investors looked ahead to the minutes of the Federal Reserve's July meeting later in the day for fresh clues on the monetary policy outlook.
Morgan Stanley economist Ellen Zentner advised clients to watch for the use of the word "somewhat" when Fed Chair Powell describes further policy adjustments.
Instead, Berich thinks Powell will reiterate his past comments that the US economy is strong, the Fed is easing out of an abundance of caution, and he doesn't see any upside risks to inflation.
Alarm bells started ringing last week when US 2-year yields traded above those of their 10-year counterparts for the first time since 2007, an inversion that has presaged previous recessions and is widely watched by markets.
"The peso moved sideways [on Thursday] as market players opted to wait on the sidelines ahead of the Jackson Hole meeting [today], where US Fed chief Jerome Powell will deliver his speech", a trader said via phone.
Mikel Aristi Gardoki au sprint, Lilian Calmejane toujours leader — Tour du Limousin
On suivra aussi de près les Italiens Mauro Finetto (Delko), un habitué des routes françaises, Andrea Guardini (Barfiani) et Francesco Gavazzi (Androni Giocattoli).
The European Central Bank will release minutes of its last policy meeting on Thursday and markets are looking for more detail on exactly when and how aggressively it might ease policy.
Crude prices edged up following a recent rally fuelled by trade talks optimism and hopes for more rate cuts, though Halley warned they could quickly reverse course. The curve of 2-year and 10-year Treasury yields, however, remained steeper on Tuesday, but could invert again based on past cycles. The Japanese yen was little changed at 106.24 per dollar after firming 0.4% versus the greenback on Tuesday, while sterling was last trading at $1.2162.
"The market is pausing as investors are waiting for big news tomorrow on Chairman Powell's speech", said James Ragan, director of wealth management research at D.A. Davidson in Seattle.
The euro trod water near Tuesday's high of $1.1101.
The dollar index against a basket of six major currencies was almost flat at 98.232 after shedding 0.2% overnight. It was last flat at 98.208.
Brent crude settled down 38 cents, or 0.6%, at $59.92 a barrel, while U.S. West Texas Intermediate crude ended the session 33 cents, or 0.6% lower at $55.35.
Taylor Swift Performs on ‘GMA,’ Talks Re-Recording Big Machine Songs
There has certainly been an outpour of love and support for the 29-year-old singer since the scandal broke. It was all a kind of album release party for Swift's seventh studio album, " Lover ", which drops Friday.
Spot gold was a shade weaker at $1,506.14 an ounce.