US STOCKS-Weak oil pulls Wall St off record highs; Fed meet eyed
* FOMC begins two-day meeting on Tuesday
* Exxon, Chevron fall on lower oil prices
* Yahoo drops after agreeing to sell core assets to Verizon
* Indexes down: Dow 0.62 pct, S&P 0.58 pct, Nasdaq 0.32 pct (Updates to early afternoon)
By Yashaswini Swamynathan
July 25 (Reuters) - U.S. stocks slipped from their record levels on Monday as oil weighed on energy shares and as investors awaited this week's Federal Reserve monetary policy meeting.
Oil prices fell to two-and-a-half month lows amid worries that a global glut of crude and refined products would be a drag on markets for some time.
The S&P energy index fell 2 percent, its biggest percentage decline since June 27 when Britain's vote to leave the European Union sparked a massive selloff in risk assets.
The index was the worst performer among the 10 major S&P sectors that were trading lower. Continuación...