The benchmark index is just 0.02 percent away from its record intraday high of 2,175.63.
North American stock markets were little changed Tuesday, as traders played it safe amid the latest meeting of the U.S. Federal Reserve.
The rally that pushed the S&P 500 up for four straight weeks has faltered as the Fed kicks off a two-day meeting, with economists estimating the central bank will keep borrowing costs unchanged at its conclusion on Wednesday. Linear's stock was down 1.2 percent at $61.75.
Dow member Caterpillar climbed 1.6 percent after announcing plans for additional job cuts in the second half of 2016 as sluggish conditions in energy and mining weighed on second-quarter earnings. Gilead Sciences Inc. dropped 4.4 percent in NY after lowering its annual product sales estimate and reporting lower-than-expected revenue in the second quarter for its hepatitis C drugs.
Shares (Berlin: DI6.BE - news) fell nearly across the board, with energy stocks leading declines across 10 S&P 500 sectors and consumer discretionary a loan bright spot, helped by a 1.97-percent gain in Netflix (Xetra: 552484 - news).
"We're in a period where the market's looking really exhausted", said Matthew Tuttle, chief investment officer of Tuttle Tactical Management.
Twitter has been struggling with sluggish user growth that has trailed Facebook and other social media competitors and its stock was down 1.5 percent ahead of its report.
Verizon Communications fell 1.9 percent after subscriber numbers fell below estimates.
The negative start to the week, which includes earnings from 190 S&P 500 companies as well as a Federal Reserve policy meeting, put the brakes on a 9 percent rally that started on June 27.
Texas Instruments jumped 7.85 per cent after its current-quarter forecast beat analysts' estimates.
While most of the major sectors showed only modest moves, considerable weakness was visible among gold stocks. The stock provided the biggest boost to the S&P.
Advancing issues outnumbered declining ones on the NYSE by a 1.58-to-1 ratio; on Nasdaq, a 1.62-to-1 ratio favoured advancers.
The S&P 500 posted 32 new 52-week highs and no new lows; the Nasdaq Composite recorded 92 new highs and 19 new lows.
In the bond market, treasuries ended the day almost flat after a lackluster session.