Wall Street Slip: Earnings Disappointments Weigh on U.S. Stocks Ahead of Fed Statement

U.S. stocks experienced a downturn on Tuesday as major indexes, including the S&P 500 and Nasdaq, retreated from their record highs amidst underperforming earnings reports from leading corporations.

UnitedHealth, Boeing, and Merck were among those registering declines, contributing to the dim outlook. Market investors are closely focusing on upcoming Federal Reserve policy announcements.

Additionally, tech heavyweight earnings are expected to influence market directions significantly. Meanwhile, President Trump's fluctuating trade policies continue to challenge companies like United Parcel Service.

(With inputs from agencies.)