Stocks Slip, Dollar Down As Fed Meets On Rates

Wall Street stocks turned lower on Tuesday while the dollar slid as the US Federal Reserve began a two-day meeting at which it is expected to cut interest rates.

While the S&P 500 and Nasdaq Composite set fresh record highs as trading got underway in New York, equities soon slid into the red.

Stocks have repeatedly set record highs in recent days as a series of data showing a softening of…