NASDAQ

S&P 500 and Dow rise to new highs, but tech stocks fall

S&P 500 and Dow rise to new highs, but tech stocks fall

Big-name companies notched gains on Wall Street on Tuesday, bringing the Standard & Poor’s 500 index and the Dow Jones industrial average to new highs for the second day this week.

A slide in technology stocks pulled the Nasdaq down. Small-company stocks also lagged.

Banks and other financial stocks led the gainers as the Federal Reserve met to discuss interest rates. The Fed is expected to raise rates for the third time this year Wednesday, which would enable banks to charge more to lend money.

Technology stocks declined the most. Energy stocks fell along with crude oil prices. Bitcoin futures fell on their second day of trading.

The S&P 500 index rose...

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