Nasdaq Closes At 2016 High

By Wallace WitkowskiMarketsMarketWatch Pulse

The S&P 500 Index and the Nasdaq Composite Index finished slightly higher Tuesday, while the Dow Jones Industrial Average closed lower, as investors were reluctant to place any big bets ahead Wednesday's policy decision from the Federal Reserve. The Dow industrials slipped 19.31 points, or 0.1%, to 18,473.75, weighed down by shares of McDonalds Corp. , which closed 4.5% lower. The S&P 500 advanced 0.70 points, or less than 0.1%, to close at 2,169.18, as the materials and industrials sectors rallied and the telecom and utilities sectors declined. The Nasdaq rose 12.42 points, or 0.2%, to finish at 5,110.05, for its highest close of 2016.

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