US stocks hit record highs as key Fed policy meeting gets underway

A stock trader claps at the end of trade at the New York Stock Exchange
EMMANUEL DUNAND/AFP via Getty Images
US stocks hit new records on Tuesday as investors eyed start the two-day meeting of the FOMC.
Investors are bracing for a potential announcement that the Fed will begin tapering asset purchases.The yield on the benchmark 10-year US Treasury note fell to 1.549%. Oil and gold prices slipped.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks hit fresh records