US stocks slip as oil prices rise

US stocks edged lower from their record highs on Monday, while oil prices climbed as uncertainty remained over when the Strait of Hormuz could reopen and restore global crude shipments. The S&P 500 declined 0.1% from Friday’s record close. The Dow Jones Industrial Average fell 60 points, or 0.1%, while the Nasdaq Composite dropped 0.3%. Markets pause after strong earnings rally Stock market…