NEW YORK (AP) — The U.S. stock market is pulling back from its record heights as Wall Street sifts through mixed developments on everything from the U.S.-China trade war to profits for Big Tech behemoths. The S&P 500 slipped 0.5% Thursday and edged a bit further from its all-time high set on Tuesday. The Dow Jones Industrial Average sank 199 points, and the Nasdaq composite fell 0.7%. President Donald Trump hailed his much-anticipated talk with China’s leader, Xi Jinping, but major tensions remain between the world’s two largest economies. On Wall Street, Microsoft and Meta Platforms sank, while Alphabet climbed following their profit reports.

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