US stocks pause ahead of Fed decision

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Wall Street stocks paused at records early on Tuesday as markets digested another round of mostly good earnings and awaited a key Federal Reserve decision.

Shares of Pfizer, Clorox and Under Armour were all higher following earnings releases, extending a successful quarter that has resulted in numerous all-time highs on Wall Street.

But analysts predicted stocks could trade sideways until the Federal Reserve unveils an expected announcement Wednesday to begin to trim its stimulus package.

The two-day Fed meeting is scheduled to begin later Tuesday.

About 15 minutes into trading, the Dow Jones Industrial Average was flat at 35,911.09.

The broad-based S&P 500 added 0.2% at 4,620.70, while the tech-rich Nasdaq Composite Index gained 0.1 percent to 15,614.53.

Among individual companies, Tesla fell 1.3% after founder Elon Musk said the electric car company had not reached a final agreement to supply Hertz with 100,000 electric autos.

Hertz's announcement of the deal last week helped push Tesla's valuation above $1 trillion. Shares of Hertz fell 3.3% on Tuesday.

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