The U.S. stock market is edging back from its all-time high Thursday following mixed profit reports from Tesla and other big companies. Oil prices, meanwhile, are swinging on continued uncertainty about what will happen next in the war with Iran.

U.S. stock futures rose and the dollar wavered on ​Wednesday after President Donald Trump said he would indefinitely extend the Iran ceasefire, keeping sentiment buoyed, although with the Strait of Hormuz still closed,

Global oil prices fluctuated in early Asian trading on Wednesday as the status of peace talks between the US and Iran remains unclear. On Tuesday, US President Donald Trump said he will extend a ceasefire with Iran until talks between the two countries have progressed.

U.S. stocks and oil prices flip-flopped Tuesday as uncertainty rose about what will happen following a two-week ceasefire in the war with Iran, which is set to expire Wednesday. The S&P 500 erased an early rise to fall 0.

Oil prices and the dollar jumped Thursday while most equity markets slid as the United States and Iran appeared no closer to resuming peace talks.

Global oil prices edged lower in Asia on Wednesday after US President Donald Trump said he would extend a ceasefire with Iran until peace talks between the two countries have progressed. He added that the US will continue to blockade Iran's ports until Tehran presents a "unified proposal".

Wall Street gave back some of its gains this week and oil prices climbed above $100 a barrel Thursday as prospects for peace in Iran remained shaky. Futures for the S&P 500 lost 0.4% before the opening bell,

The U.S. stock market set more records after GE Vernova and other big companies joined the parade reporting fatter profits for the start of the year than analysts expected. But caution still hung over Wall Street Wednesday,