Market Snapshot: Major stock indexes pull back from intraday records, after Dow briefly topped 36,000, as investors await this week’s Fed meeting

All three U.S. major stock-market indexes were moving away from their intraday records on Monday afternoon, with investors awaiting this week’s pivotal Federal Reserve meeting.

What are major indexes doing?

On Friday, the Dow, S&P 500 and Nasdaq Composite all closed at records. Last month’s 7% rise for the S&P 500 was the best since November 2020, after the U.S. election and Pfizer’s announcement of the results of a study into its COVID-19 vaccine.

What’s driving markets?

The…