S&P 500 and Nasdaq slip from their records ahead of key Fed meeting; European markets close slightly higher as traders look ahead to Fed meeting 
U.S. stocks fell slightly on Tuesday with the S&P 500 and the Nasdaq Composite slipping from their respective records, as investors awaited the key Federal Reserve monetary policy meeting. 
The S&P 500 dipped 0.2% to 4,246.59 after rising 0.1% to reach a new all-time high of 4,257.16 earlier in the session. The Dow Jones Industrial Average fell 94.42 points, or about 0.3%, to 34,299.33. The Nasdaq Composite, which hit a record closing high in the previous session, pulled back 0.7% to 14,072.86 as Apple, Alphabet, Amazon and Microsoft all registered losses. 
On the data front, the final demand index for producer prices advanced 6.6% for the 12 months ended in May, the largest increase since 12-month data were first calculated in November 2010. 

The pan-European Stoxx 600 added 0.15% by the close, with chemicals and insurance stocks climbing 0.8% while basic resources dropped 2.3%. 
In terms of individual share price movement, Italian infrastructure group Atlantia jumped 3.5% on reports that it is considering a 2 billion euro ($2.4 billion) share buyback and 600 million euro dividend payout next year, following the agreed sale of motorway unit Autostrade. 
Source: CNBC