S&P 500 Reaches Record High as Tech Stocks Surge Before Federal Reserve

The S&P 500 reached a record intraday high of $6,986.33 as technology stocks surged before critical interest rate decisions and earnings reports.While the Nasdaq climbed 0.9 percent on gains from Apple and Microsoft, the Dow Jones fell following a 20 percent plunge in UnitedHealth.Investors are focusing on the Federal Reserve where Jerome Powell is expected to maintain interest rates between 3.5 percent and 3.75 percent.