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Wall Street retreats from highs amid earnings pressure
Wall Street pulls back from record highs as mixed earnings and economic signals prompt cautious investor positioning.
US stock markets retreated from record levels as mixed corporate earnings and economic data weighed on sentiment. Banking and airline stocks faced selling pressure, while investors reassessed growth expectations. The S&P 500 slipped as traders locked in profits after recent rallies. Analysts said markets remain sensitive to inflation data, interest rate outlook, and earnings guidance for the coming quarters.