Wall Street shifted lower in early trading Wednesday as markets took in more corporate earnings reports while considering the impact of tariffs being imposed by the United States and China.

Check back for updates throughout the trading dayU.S. equity futures extended declines in early Tuesday trading, matching downside moves for oil prices and the dollar, as markets reacted to the fast-changing dynamic on tariffs and the potential for a protracted trade war between the world's two biggest economies.

Wall Street drifted higher Wednesday as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest profit reports. The S&P 500 rose 0.4% following mixed trading across European and Asian markets.

Equity markets stumbled Wednesday and gold hit a new record as investors kept tabs on China and the United States after they exchanged tariffs, sparking fears of another debilitating trade