No record closes today in the major indices. Stocks take a breather ahead of Fed

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Major U.S. stock indices ended the session lower, led by declines in the Russell 2000 and Dow Jones Industrial Average. The S&P 500 and NASDAQ both touched fresh intraday record highs early in the day but failed to hold gains, closing in the red as upside momentum faded.Investor sentiment appeared cautious ahead of several key catalysts—including earnings reports from Amazon, Apple, Microsoft, and Meta, along with Thursday morning’s U.S. GDP release (8:30 AM ET) and the Federal Reserve’s rate decision (2:00 PM ET). Looking further ahead, Friday’s U.S. jobs report adds another layer of uncertainty to the week’s risk landscape.A snapshot of the closing levels shows:Dow industrial average -204.57 points or -0.46% at 44632.99.S&P index -18.91 points or -0.30% at 6370.86.NASDAQ index -80.29 points or -0.3% at 21098.29.Russell 2000-13.76 points or -0.61% at 2242.96Some of the losers today includes:Whirlpool (WHR): -13.43% — Plunged sharply on weak earnings or guidance.PayPal (PYPL): -8.68% — Continued pressure in fintech space as growth slows.Rivian Automotive (RIVN): -5.23% — EV sector remains under pressure amid demand and production concerns.Palo Alto Networks (PANW): -5.19% — Cybersecurity names retreat despite strong sector demand.Southwest Airlines (LUV): -4.37% — Airlines sliding on travel demand worries or fuel cost impact.Boeing (BA): -4.30% — Earnings were better and orders were good, but the stock traders hit the sell buttonARK Genomic Revolution ETF (ARKG): -4.13% — High-growth biotech names continue to retreat.Uber Technologies (UBER): -3.85% — Giving up recent gains; possibly tied to tech sector weakness.Airbnb (ABNB): -3.74% — Softening in consumer travel demand weighing on shares.Snap (SNAP): -3.72% — Social media stocks underperform amid ad spend uncertainty.Moderna (MRNA): -3.69% — Biotech names like Moderna see selling pressureFedEx (FDX): -3.25% — Logistics names hit, potentially due to slowing global trade.Robinhood Markets (HOOD): -3.23% — Taking a breatherTapestry (TPR): -2.74% — Luxury retail exposed to discretionary spending pullback.ARK Innovation ETF (ARKK): -2.73% — Broad weakness across high-beta growth and tech names. Has been a big gainerAfter the close the following companies reported:Electronic Arts (EA) Q1 2026: EPS $0.79 (BEAT; exp. $0.10), Revenue $1.671B (BEAT; exp. $1.24B). Shares are trading down -1.62% in after-hours trading.Visa (V) Q3 2025: EPS $2.98 (BEAT; exp. $2.85), Revenue $10.2B (BEAT; exp. $9.84B). Shares are trading down -3.07% in after-hours trading despite the beat.Seagate Technology (STX) Q4 2025: EPS $2.59 (BEAT; exp. $2.42), Revenue $2.44B (BEAT; exp. $2.41B). Shares are down -7.67% despite beating expectations.Starbucks (SBUX) Q3 2025: EPS $0.50 (MISS; exp. $0.64), Revenue $9.5B (BEAT; exp. $9.31B). Shares are up 4.48% in after-hours tradingBooking Holdings (BKNG) Q2 2025: EPS $55.40 (BEAT; exp. $49.88), Revenue $6.8B (BEAT; exp. $6.54B).. Shares are trading down -2.52% in after-hours trading. This article was written by Greg Michalowski at investinglive.com.