Most U.S. stocks slipped on Wednesday after doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September.

The S&P 500 and the Nasdaq slipped from record highs on Tuesday as a series of downbeat earnings weighed on the indexes, while investors looked ahead to the U.S. Federal Reserve's policy meeting later in the day.

The S&P 500 and Nasdaq opened at fresh record highs on Tuesday, as investors assessed a slew of earnings reports from major U.S. companies and looked ahead to

The S&P 500 edged up 0.2% on Wednesday after the Federal Reserve kept interest rates unchanged, as anticipated. The Nasdaq Composite rose 0.4%, while the Dow Jones Industrial Average added just 28 points, or 0.1%.

Investors focus on the Fed's policy decision and Chair Jerome Powell's news conference. Earnings from Meta and Microsoft are due after the closing bell.

The Dow Jones Industrial Average ended the day 0.5% lower, or 204 points, while the S&P 500 closed with a 0.3% loss. The drop comes after the S&P 500 rose for six straight sessions. The Nasdaq composite fell 0.

Wall Street’s record-breaking, weeklong run ran out of momentum on Tuesday. The S&P 500 slipped 0.3% for its first drop after closing at an all-time high in six successive days. The Dow Jones Industrial Average sank 204 points, or 0.5%, and the Nasdaq composite shaved 0.4% off its own record.

NEW YORK -- U.S. stock indexes are tiptoeing around their record levels on Tuesday as an incredibly busy week for Wall Street picks up momentum.

The agreement between the EU and U.S. President Donald Trump calls for 15% tariffs on most EU exports to the U.S.