The Globe and Mail reports in its Wednesday edition that Canada's main stock index pulled back on Tuesday from a record high after domestic inflation data reduced prospects of Bank of Canada interest-rate cuts and U.S. bank earnings led to volatile trade. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended down 144.71 points at 27,054.14. Wall Street opened the second-quarter earnings season on a somber note, with banking stocks whipsawing in volatile trade. The Dow fell 436.36 points at 44,023.29, and the S&P 500 lost 24.80 points to 6,243.76. JPMorgan Chase slipped 0.7 per cent despite raising its 2025 net interest income outlook, while Wells Fargo fell 5.5 per cent. "We're seeing profit-taking against the news because we've seen markets run up so hard for three months," said Colin Cieszynski at SIA Wealth Management, noting a drag on Canadian banks, "especially because some of the Canadian banks have large U.S. operations." In contrast to other indices, Nasdaq posted its latest record finish on Tuesday. The tech-heavy index gained 37.47 points to finish at 20,677.80. Nvidia drove Nasdaq's increase, gaining 4 per cent, after it unveiled plans to resume sales of its H20 AI chip to China.