Nasdaq, S&P 500 Snag Another Record Close

The broader market was a mixed bag Tuesday, as focus remains on the Fed's two-day policy meeting that began this afternoon. The blue-chip index shed 120 points, its worst performance of the month so far, shrugging off an outsized move and new all-time high from tech giant Apple (AAPL). Elsewhere, the tech-heavy Nasdaq and S&P 500 both pared early-session losses to clock their second-straight record close. 

Continue reading for more on today's market, including:

• 3 cooling bank stocks to watch.
• Bull note triggers strong finish for SHOP.
• Plus; steel stock to avoid; FDA boosts pharma giant; and a "buy the dip" for bears. 

5 Things to Know Today

1. Boeing's (BA) sales outlook isn't as promising as hoped, with zero 737 Max orders coming in for a second consecutive month, and only four planes overall ordered in May. (CNBC)
2. This week's Apple (AAPL) buzz is giving a boost to Affirm (AFRM) shares, after news the pair will partner in payment options within the former's Apple Pay program. (MarketWatch)
3. Steel stock suffers 7th-straight loss.
4. FDA nod sends pharma giant to new heights.
5. Beverage stock for bear traders.

Oil Follows Natural Gas Higher

Natural gas saw an impressive 4% jump today, and oil followed narrowly behind with a more modest gain, as investors await more outlook news from Organization of the Petroleum Exporting Countries (OPEC). July-dated West Intermediate (WTI) crude tacked on 16 cents, or 0.2%, to close at $77.90 per barrel.

Potential inflation data and more Fed news on the U.S. economic outlook is guiding gold prices mostly flat for Tuesday's trading. The June-dated commodity closed near $2,326.60 an ounce.