Fed Meeting and Instacart IPO Impact Stock Market Today

Stocks ended lower as the Federal Reserve's policy meeting began and investors assessed the state of the IPO market following Instacart's public debut. The S&P 500 and Nasdaq slipped about 0.2%, while the Dow Jones dropped about 0.3%. Investors are focused on the Fed's stance on interest rates and any indications from Fed Chair Jerome Powell about future moves. Meanwhile, Instacart's stock rose nearly 40% from its IPO price but gave back some gains by the market close. Rising oil prices and the ongoing UAW strike are also being closely watched.