Tech stocks drag on S&P 500, Nasdaq as Fed meeting nears; Dow hits intraday record

Technology stocks impacted the S&P 500 and Nasdaq as traders showed caution ahead of the Federal Reserve's upcoming monetary policy decision. Rate-sensitive chip stocks, including Nvidia and Broadcom, saw declines. Apple also fell due to lower-than-expected demand for its latest iPhone model. Economic data reports are expected throughout the week.