Stock market today: Asian shares mostly decline after Nasdaq sets a record ahead of Fed meeting

Shares are mostly lower in Asia after the Nasdaq set a record ahead of a meeting by the Federal Reserve later this week that could set the direction for markets in the new year. U.S. futures fell and oil prices reversed early losses. On Monday, the S&P 500 rose 0.4%. The Dow Jones Industrial Average slipped 0.3%, and the Nasdaq composite rose 1.2%. Tech stocks led the way, and Broadcom helped lead the market again amid excitement about its artificial-intelligence offerings. The widespread expectation is for the Fed to cut interest rates again at its meeting Wednesday. Bitcoin was trading near its record above $107,000.