(CNBC) -- The S&P 500 touched a fresh record high on Tuesday before closing just below the flatline as investors looked ahead to key Federal Reserve meeting.
The broad index closed 0.1% lower at 3,036.89, snapping a four-day winning streak. Earlier in the session, however, it gained as much as 0.3% to hit an all-time high of 3,047.87. The Dow Jones Industrial Average closed 19.30 points lower, or 0.1% at 27,071.42.
The U.S. central bank is largely expected to lower interest rates by 25 basis points. That would be the third time this year the Fed cuts rates. However, investors will also look for clues about the Fed’s policy decisions in the future.
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