S&P 500 dips from record closing high as focus shifts to Fed meet – Reuters

S&P 500 dips from record closing high as focus shifts to Fed meet – Reuters

The S&P 500 and the Dow eased on Monday, a day after the S&P 500 hit a record closing high, as investors awaited cues from the Federal Reserve's meeting this week on the central bank's outlook on inflation and the future of bond purchases.

The technology-heavy Nasdaq (.IXIC) rose for the sixth time in the past seven sessions, lifted by gains in shares of Tesla Inc (TSLA.O), Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O).

Recent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 (.SPX) to an all-time high.