Wall Street edged back from an all-time high following mixed profit reports from big companies. The S&P 500 barely budged on Friday and slipped by a hair, a day after rallying within 0.1% of its record set last month.

Stocks pared their losses through the day as the price of oil eased. A barrel of benchmark U.S. crude fell 2.7% below $72 after President Donald Trump said he had agreed with Russia’s president to begin “negotiations” on ending the war in Ukraine. Such a move could free up the global movement of crude.

U.S. stocks slumped as worries flared again on Wall Street about tariffs and inflation. The S&P 500 fell 0.9% Friday and wiped out what had been a modest gain for the week. The Dow Jones Industrial Average sank 1%,

Wall Street edged back from its all-time high on Friday, as U.S. stock indexes drifted following mixed profit reports from big companies. The S&P 500 barely budged and slipped by less than 0.1%, a day after rallying within 0.

U.S. stocks are slipping Friday after a discouraging report suggested U.S. consumers are bracing for higher inflation, while a separate update gave a mixed picture of the U.S. job market. The S&P 500 was 0.