NEW YORK -- U.S. stocks largely held in place on Tuesday as Wall Street waits to hear what the Federal Reserve will say Wednesday about where interest rates are heading.

The S&P 500 edged down by 0.1% and remained near its all-time high set in October. The Dow Jones Industrial Average dipped 179 points, or 0.4%, and the Nasdaq composite added 0.1%.

JPMorgan Chase was the heaviest weight on the market after a top executive, Marianne Lake, said the bank's expenses could rise to $105 billion next year.

That would be up 9% from an estimated $95.9 billion in expenses this year, though Lake also said JPMorgan Chase is "feeling pretty good about the underlying financial health of the borrowers in our portfolio." Its stock fell 4.7%.

Another drop came from Toll Brothers, which lost 2.4% after

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