The market rally reversed lower from highs heading into the Fed decision as well as earnings from Microsoft and Meta.

U.S. stocks end lower, with the S&P 500 and Nasdaq pausing its run to records as the Fed meets on rates and ahead of Mag 7 earnings.

Treasury yields are little changed early Wednesday as traders await a policy update from the Federal Reserve and news about government debt supply. Futures markets show a 98% chance that the Fed will ...