(Reuters) – The S&P 500 and Dow fell on Tuesday after recent strong gains, while the Nasdaq extended its record run and briefly rose above the 10,000 mark for the first time.
FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid
Investors eyed this week’s Federal Reserve meeting. While no major policy announcements are expected when the U.S. central bank wraps up its two-day meeting on Wednesday, investors will scrutinize its remarks on the health of the economy, which has been reopening after coronavirus-related closures.
The benchmark S&P 500, which erased its losses for the year on Monday, is about 5% below its own all-time high.
The Nasdaq hit a record intraday high for the third straig