The S&P 500 hovered near a record high on Tuesday, pausing ahead of the key Federal Reserve decision slated for Wednesday.
The Dow Jones Industrial Average rose 36 points. The S&P 500 rose 0.09% and the tech-focused Nasdaq Composite was flat. All three averages closed at all-time highs on Monday.
Tesla shares cooled off Tuesday after popping during the end of October. Shares of the electric automaker tumbled 5%, though they are up more than 50% over just the past month. The drop follows a report that the carmaker is recalling 11,700 of its vehicles due to a communications error, and a tweet from company founder Elon Musk that Tesla has yet to sign a contract with rental giant Hertz.
Pfizer shares rose 3.5% after the drug maker's third-quarter profit topped expectations. It also raised its 2021 revenue and EPS outlook.
Under Armour shares soared 15% after the athletic retailer hiked its annual outlook, revealing the company is seeing progress in improving its brand image under CEO Patrik Frisk.
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