Wall Street retrenches and awaits Fed while oil surges

Wall Street took a step back on Tuesday, with all three major indices dropping after two posted record highs on Monday. U.S. Treasuries held steady, as did the U.S. dollar, with little activity ahead of the Fed policy statement.

Wall Street retrenches and awaits Fed while oil surges
Wall Street took a step back on Tuesday, with all three major indices dropping after two posted record highs on Monday. U.S. Treasuries held steady, as did the U.S. dollar, with little activity ahead of the Fed policy statement.