Wall Street’s key stock indices were muted on Wednesday ahead of a widely anticipated interest-rate cut from the Federal Reserve later in the day.
At the opening bell, the Dow Jones Industrial Average rose 20.5 points, or 0.04%, to 45,778.4. The S&P 500 fell 1.9 points, or 0.03%, to 6,604.87, while the Nasdaq Composite dropped 0.9 points, or flat, at 22,333.016.
The US central bank is overwhelmingly expected to slash interest rates by 25 basis points.
The Fed meeting comes as US President Donald Trump keeps up pressure on Chair Jerome Powell and other policymakers.
Nvidia stock declined 2.5% after a report said major Chinese tech companies can no longer buy the American company’s semiconductor chips.