Wall Street stocks were mixed on Tuesday as hopes faded for a swift reopening of the Strait of Hormuz and focus turned to the Federal Reserve’s policy meeting.
The Dow Jones Industrial Average (^DJI) rose 0.6% to a new record, extending Monday’s rally as markets cheered a peace deal between the US and Iran. The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC), meanwhile, fell 0.6% and 1.1%, respectively.