The S&P 500 closed lower on Tuesday, while the Nasdaq hit a record high, as investors weighed fears about a slowing economic recovery against expectations that the Federal Reserve would maintain its accommodative monetary policy.
The Nasdaq was supported most of the session by the big technology stocks that have been driving Wall Street gains in recent years. Both Apple and Netflix shares hit record levels.
Based on unofficial data, the Dow Jones Industrial Average fell 0.75 percent to 35,104.56 points, and the Standard & Poor’s 500 Index closed 0.33 percent down to 4,520.26 points.
The Nasdaq Composite Index rose 0.07 percent to 15,374.08 points.
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