S&P 500 and Nasdaq slip from their records ahead of key Fed meeting

(CNBC) -- U.S. stocks fell slightly on Tuesday with the S&P 500 and the Nasdaq Composite slipping from their respective records, as investors awaited the key Federal Reserve’s monetary policy meeting.

The S&P 500 dipped 0.2% after rising 0.1% to reach a new all-time high of 4,257.16. The Dow Jones Industrial Average traded 80 points lower. The Nasdaq Composite, which hit a record closing high in the previous session, pulled back 0.6% as Apple, Alphabet and Amazon all traded in the red.

Real estate and materials were the biggest laggards on Tuesday, while the energy sector provided the broader with some support, rising 1.5%. Diamondback Energy jumped 4%, and Exxon Mobil and Occidental Petroleum climbed more than 2% each.

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