US market news, July 12 -- Wall Street shares pulled back from their record highs on Friday as investors processed President Donald Trump's most recent tariff announcements while also looking forward to significant earnings reports later this month.

In his ongoing critique of trade, Trump indicated the possibility of imposing 35% tariffs on Canada and mentioned that his administration would soon reveal tariffs on the European Union.

The S&P 500, which represents a wide array of stocks, closed down 0.3% at 6,259.75, retreating from the all-time high set on Thursday. The Dow Jones Industrial Average declined by 0.6% to 44,371.51, and the tech-heavy Nasdaq Composite Index dropped 0.2% to 20,585.53 after achieving its own record on Thursday...