US stocks pulled back on Wednesday as Kevin Warsh spoke on a panel, with the Federal Reserve chairman's words in focus for clues to future interest rate moves. The Dow Jones Industrial Average slid 0.4% on the heels of another record-high close, while the S&P 500 also edged down 0.5%. The tech-heavy Nasdaq Composite dropped by a steeper 0.8%, having jumped Tuesday as chip stocks continued to climb. Data from ADP showed private sector hiring slowed more than expected in June, adding 98,000 jobs, while Challenger, Gray & Christmas reported just under 46,000 job cuts last month, down slightly from almost 48,000 layoffs planned in June 2025. Oil prices reversed gains to drop about 1%, with Brent crude futures falling toward $72 a barrel and WTI crude oil below $69, as peace talks in Qatar faltered after Iran said its delegates wouldn't meet President Trump's team.