By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — The U.S. stock market is pulling back from its record heights on Thursday, 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 0.6% and edged a bit further from its all-time high set on Tuesday. The Dow Jones Industrial Average was down 40 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.1% lower.

Stocks also dipped in Europe, following a mixed finish in Asia, coming off a much anticipated meeting between the leaders of the world’s two largest economies. U.S. President Donald Trump hailed his talk with China’s leader, Xi Jinping, as a “12” on a scale of zero to 10, and Trump said he would cut tariffs

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