US stocks were mixed on Wednesday as investors awaited the Federal Reserve's latest policy decision.
Investors expected the Fed to maintain a hawkish tone even as it is expected to cut interest rates this week.
The Fed is also expected to cut interest rates by 25 basis points, its third cut this year.
The central bank began its two-day policy meeting on Thursday, with traders expecting a quarter-point cut even as inflation remains above its 2% target.
Meanwhile, policymakers continued to give mixed signals on the economic outlook.
Some supported additional easing to support a slowing market, while others argued that cutting rates too quickly risked reigniting inflationary pressures.
The market is also awaiting Fed Chairman Jerome Powell's speech after the meeting for clues on the direction of interest rates in 2026.
The S&P 500 index fell 0.09% to 6.00 points, the Dow Jones fell 0.38% to 179.03 points, while the technology-focused Nasdaq rose 0.13% to 30.58%.
The Dow Jones fell after JPMorgan shares fell 4.7% on a forecast of nearly $105 billion in spending for 2026.
Meanwhile, the Nasdaq Composite's rise was supported by high-value stocks such as Tesla (1.3%), Broadcom (1.3%) and Alphabet (1.1%).
Investors were also paying attention to the heated bidding war between Paramount Skydance and Netflix to acquire Warner Bros Discovery.
The situation saw Warner shares rise 3.8%, Paramount rise 0.5%, while Netflix fall 0.08%.
