Dow hits record high as Nasdaq, S&P 500 dip ahead of Fed rate decision

U.S. equity markets showed mixed moves ahead of the Federal Reserve's rate decision. The Dow Jones Industrial Average reached a new record high. Meanwhile, the Nasdaq Composite and S&P 500 indices slipped modestly. Investors were cautious as they awaited the Fed's announcement. The divergence reflects differing sector performances. Technology stocks led the decline in the Nasdaq. Industrial and financial stocks supported the Dow's rise. Market participants will watch the Fed's decision for clues on future monetary policy.