By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — U.S. stocks are hanging around their record heights on Tuesday as the countdown ticks toward what Wall Street expects will be the first cut of the year to interest rates by the Federal Reserve.

The S&P 500 edged down by 0.1%, coming off its latest all-time high . The Dow Jones Industrial Average was down 131 points, or 0.3%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was virtually unchanged.

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