US stocks: Nasdaq and S&P 500 slip while Dow hits record high ahead of Fed rate decision (opens original article in a new tab)

US stocks saw Nasdaq and S&P 500 decline while Dow Jones hit record high as investors anticipated Fed rate decision and rotated into financials and industrials.

• Nasdaq and S&P 500 declined due to pressure from technology stocks
• Dow Jones Industrial Average hit record high for second consecutive day
• Investors anticipated Federal Reserve's policy update and rotated into financials and industrials