Trump's Tariffs Weigh On Wall Street

US indices have pulled back from last week's records as the latest volleys between US President Donald Trump and Chinese officials have dimmed the chances of a big trade deal this week and instead raised worries about new tariffs.

Stocks were down much lower early in the session, but cut their losses at midday after Trump told reporters a deal with China was still possible, even as he indicated he was also happy to impose new tariffs.

Among individual companies, Chevron rose 3.2 percent after announcing it would not raise its bid for Anadarko Petroleum, clearing the way for Occidental Petroleum to purchase the company.

Occidental tumbled 6.4 percent and Anadarko lost 3.3 percent.

Dow member Intel plunged 5.3 percent on disappointment with the company's growth and profit forecasts over the next three years. (AFP)