With traders looking ahead to the Federal Reserve's monetary policy announcement on Wednesday, stocks moved to the downside during trading on Tuesday. The Nasdaq and the S&P 500 pulled back after ending the previous session at new record closing highs.
The major averages all closed in negative territory, although the tech-heavy Nasdaq underperformed its counterparts. While the Nasdaq slid 101.29 points or 0.7 percent to 14,072.86, the Dow fell 94.42 points or 0.3 percent to 34,299.33 and the S&P 500 dipped 8.56 points or 0.2 percent to 4,246.59.
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