U.S. stock indexes edged back from their record levels as a busy week for Wall Street picks up momentum.
The S&P 500 fell 0.3 percent Tuesday after setting all-time highs for six straight days. The Dow Jones Industrial Average dropped 204 points, and the Nasdaq composite sliced 0.4 percent off its own record.
SoFi Technologies rallied, but Merck and UPS fell following a jumbled set of profit reports. Treasury yields sank in the bond market as the Federal Reserve began a two-day meeting on interest rates. Reports suggested the U.S. economy remains solid but is slowing.
On Tuesday:
The S&P 500 fell 18.91 points, or 0.3 percent, to 6,370.86.
The Dow Jones Industrial Average fell 204.57 points, or 0.5 percent, to 44,632.99.
The Nasdaq composite fell 80.29 points, or 0.4 percent, to 21,098.29.
The Russell 2000 index of smaller companies fell 13.76 points, or 0.6 percent, to 2,242.96.
For the week:
The S&P 500 is down 17.78 points, or 0.3 percent.
The Dow is down 268.93 points, or 0.6 percent.
The Nasdaq is down 10.03 points, or less than 0.1 percent.
The Russell 2000 is down 18.11 points, or 0.8 percent.
For the year:
The S&P 500 is up 489.23 points, or 8.3 percent.
The Dow is up 2,088.77 points, or 4.9 percent.
The Nasdaq is up 1,787.50 points, or 9.3 percent.
The Russell 2000 is up 12.80 points, or 0.6 percent.
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