The S&P 500 and the Nasdaq 100 hit fresh highs in afternoon trading, with tech strength offsetting broader market weakness ahead of next week’s Fed decision. The Nasdaq was up 0.4%, supported by a 6% surge in Tesla and a 2.1% rise in Microsoft after the company avoided a potential EU antitrust fine, boosting the tech sector. The S&P 500 hovered near flat but still reached a fresh record, while the Dow Jones slipped about 188 points, dragged lower by Goldman Sachs and Sherwin-Williams. Tech, consumer discretionary sectors outperformed while materials and health were among the worst performers. Traders are widely expecting a 25-basis-point rate cut at the Fed’s September 17 meeting, with some also seeing slim odds of a larger half-point cut, as soft jobs data and contained inflation bolster the case for easing. For the week, the S&P 500 is up 1.6% for its best showing since early August, the Nasdaq has risen 2%, and the Dow is on pace for its first weekly gain in three.