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US stocks back off record highs ahead of Fed meeting

Updated : July 30, 2019 06:24 AM IST

Amazon.com Inc and Facebook Inc weighed heaviest on the S&P 500 and the Nasdaq, which both closed lower. The blue-chip Dow closed in the black, led by 3M Co, Johnson & Johnson and Apple Inc.
US negotiators are meeting their Chinese counterparts in Shanghai this week to try to find a path toward resolving the long-running, market-rattling trade dispute between the world's two largest economies.
The Dow Jones Industrial Average rose 28.9 points, or 0.11 percent, to 27,221.35, the S&P 500 lost 4.89 points, or 0.16 percent, to 3,020.97 and the Nasdaq Composite dropped 36.88 points, or 0.44 percent, to 8,293.33.
US stocks back off record highs ahead of Fed meeting

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