Japan Financial Markets

U.S. stocks pulled back from their record heights on a shaky Wall Street. The S&P 500 fell 0.4% Thursday to halt a weekslong rally. The Dow Jones Industrial Average lost 0.4%, and the Nasdaq composite fell 0.9%. Tesla helped drag the market lower on concerns about how much it's spending to build factories. Stocks also took a hit after the price for a barrel of Brent crude to be delivered in June briefly jumped above $107. Uncertainty continues about what will happen with the Iran war. That sent the S&P 500 suddenly down as much as 1.3% before it trimmed its loss.

A surge for Intel following a blowout profit report led the U.S. stock market to more records, while oil prices kept yo-yoing in the wait for what’s next with the Iran war. The S&P 500 climbed 0.8% Friday and topped its prior all-time high. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite rallied 1.6% to its own record. Intel led the way and roared to its best day since 1987 after joining the parade of companies reporting stronger quarterly results than analysts expected. Oil prices swung up and down through the day.