US Stocks Slip Back as Crude Oil Prices Turn Higher

The US stock market is experiencing a slight pullback from its all-time high on Wednesday as crude oil prices turn higher. The S&P 500 slipped 0.3% and is now 0.8% below its record set last month.

The Dow Jones Industrial Average was down by 126 points, or 0.2%, as of 10 a.m. Eastern time, while the Nasdaq composite fell 0.5% from its own all-time high. The market's reaction to the recent increase in oil prices suggests that investors are cautious about the potential impact on the economy.