U.S. stocks sink as Wall Street sees both good and bad in Big Tech profits

NEW YORK — The U.S. stock market sank from its record heights on Thursday, as Wall Street sifted through mixed developments on everything from the U.S.-China trade war to profits for Big Tech behemoths.

The S&P 500 fell 1 percent and pulled further from its all-time high set on Tuesday. The Dow Jones Industrial Average slipped 109 points, or 0.2 percent, and the Nasdaq composite dropped 1.6 percent from its record set the day before.

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Stock markets elsewhere in the world were mixed, coming off a highly 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 on China. But while the talks may offer