Mumbai, April 27 -- U.S. stocks pulled back from their record heights on a shaky Wall Street Thursday following mixed profit reports from Tesla and other big companies.

The S&P 500 fell 0.4% and halted a weekslong rally that had erased all its losses because of the war and then carried it to all-time highs. The Dow Jones Industrial Average dipped 179 points (0.4%) while the Nasdaq composite dropped 0.9% from its own record.

In the oil market, prices leaped as uncertainty built about what will happen with the Strait of Hormuz. A ceasefire is still in place between the United States and Iran, but oil tankers in the Persian Gulf aren't able to get through the narrow waterway off Iran's coast and deliver crude to customers.The U.S. military...