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Dow falls on weak McDonald's earnings

The Dow finished in the red Tuesday, in part due to disappointing results from McDonald's, as investors awaited a policy announcement by the US Federal Reserve.

McDonald's shed 4.5 percent as it reported a 9.1 percent drop in second-quarter earnings $1.09 billion, due to a $230 million charge from refranchising operations and tepid growth across its markets.

Analysts expect the Fed to keep US interest rates low when it makes its policy announcement on Wednesday. But many say the central bank could signal a greater likelihood of rate hikes later in the year.

At the closing bell, the Dow Jones Industrial Average was at 18,474.16, down 0.1 percent.

The broad-based S&P 500 was up less than 0.1 percent at 2,169.15, while the tech-rich Nasdaq Composite Index gained 0.2 percent to 5,110.05.