The main indexes pulled back from record highs Tuesday as several mega-cap stocks declined. Market participants were also tuned into an early afternoon speech from Fed Chair Jerome Powell, who chimed in on the central bank's recent rate cut and stock valuations.
At the close, the tech-heavy Nasdaq Composite was down 1% at 22,573, the broader S&P 500 was off 0.6% at 6,656, and the blue chip Dow Jones Industrial Average was 0.2% lower at 46,292.
