The Globe and Mail reports in its Tuesday edition that U.S. stocks edged further from their record highs on Monday after rising oil prices cranked up the pressure on inflation. An Associated Press dispatch to The Globe says the S&P 500 fell 0.5 per cent, the Dow dropped 272 points Nasdaq slipped 0.3 per cent. Wall Street's losses solidified in the afternoon when oil prices moved up. The price for a barrel of Brent crude rose 2.7 per cent to $90.87 (U.S.). It's been up and down because of uncertainty about what the war with Iran will do to the global flow of crude. Monday's rally for oil prices sent Treasury yields in the bond market higher, which in turn raised the pressure on the economy and prices for all kinds of investments. In Toronto, the country's main stock index finished down slightly, as gains from higher commodity prices were offset by broader losses, while U.S. markets were negative. The S&P/TSX composite was off 62.35 points at 36,667.92. The yield on the 10-year U.S. Treasury climbed to 4.72 per cent from 4.68 per cent late Friday. It has shot up from just 3.97 per cent before the war with Iran, largely because higher oil prices are worsening inflation and upping the odds of interest rate hikes.