S&P 500 retreats from record highs after Federal Reserve action enthusiasm fades.

The S&P 500 has retreated from its record highs as enthusiasm surrounding the Federal Reserve's recent actions diminishes. Both the S&P 500 and Dow Jones Industrial Average have shown declines, indicating a pullback in the stock market following prior gains driven by optimism about monetary policy. Investors appear to be reassessing their positions amid shifting sentiments.