U.S. stocks drifted to a mixed close near their all-time highs ahead of a highly anticipated meeting of the Federal Reserve.
The S&P 500 edged just barely higher Tuesday. The Dow Jones Industrial Average slipped less than 0.1 percent, pulling slightly below the record high it set a day earlier. The Nasdaq composite rose 0.2 percent, driven by gains for Big Tech companies including Microsoft and Intel.
The mixed trading came as Wall Street continues to expect bigger-than-usual relief for the economy to arrive Wednesday through a cut to interest rates from the Fed. Treasury yields edged higher in the bond market.
On Tuesday:
The S&P 500 rose 1.49 points, or less than 0.1 percent, to 5,634.58.
The Dow Jones Industrial Average fell 15.90 points, or less than 0.1 percent, to 41,606.18.
The Nasdaq composite rose 35.93 points, or 0.2 percent, to 17,628.06.
The Russell 2000 index of smaller companies rose 16.31 points, or 0.7 percent, to 2,205.48.
For the week:
The S&P 500 is up 8.56 points, or 0.2 percent.
The Dow is up 212.40 points, or 0.5 percent.
The Nasdaq is down 55.92 points, or 0.3 percent.
The Russell 2000 is up 22.99 points, or 1.1 percent.
For the year:
The S&P 500 is up 864.75 points, or 18.1 percent.
The Dow is up 3,916.64 points, or 10.4 percent.
The Nasdaq is up 2,616.71 points, or 17.4 percent.
The Russell 2000 is up 178.40 points, or 8.8 percent.
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