Dow, Nasdaq Relinquish Early Gains as Investors Await Fed

Apple reports after the bell; health-care sector weighs on S&P 500

by Mark DeCambre and Victor Reklaitis
Market Watch

U.S. stocks were mostly lower, with the Dow and Nasdaq giving up early gains on Tuesday as investors await the outcome of a two-day meeting of Federal Reserve policy makers and as losses in health care weighed on the S&P 500.

Investors are awaiting earnings from the world’s largest company Apple Inc. after the close of trading, amid a flurry of corporate results Tuesday.

A batch of better-than-expected earnings from companies including DuPont Inc. DD, +2.56% supported an early advance, with DuPont leading gains for the blue-chip gauge. But the advance ran out of steam by midmorning.

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