LIVE MARKETS-U.S. indexes mixed with tech, discretionary dragging

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U.S. INDEXES MIXED WITH TECH, DISCRETIONARY DRAGGING

Wall Street indexes were a mixed bag on Wednesday, otherwise known as Fed day, with the technology heavy Nasdaq Composite .IXIC in the red while the S&P 500 .SPX was edging down and the Dow .DJI gained some ground.

The S&P 500 technology sector .SPLRCT was weighed down by AI hotshots including Nvidia NVDA.O, Oracle ORCL.N and Broadcom AVGO.O possibly related to the latest signs of regulatory tensions between China and the United States.

Nvidia chief executive Jensen Huang said the U.S. and Beijing "have larger agendas to work out" after media reports that China's internet regulator ordered top tech firms to halt purchases of AI chips from American companies and cancel existing orders.

As for the Dow, its biggest cheerleader on the day was American Express AXP.N, which was up almost 3% after hitting a record high. The card company was outperforming the broader financial sector .SPSY, which was up ~0.7%.

In the benchmark's 11 major industry sectors most were rising with consumer staples battling with financials for the no. 1 gainer spot. On the other side though consumer discretionary .SPLRCD was falling most with Tesla TSLA.O taking a pause after a roughly 22% gain in the last 6 sessions. Technology close behind the discretionary sector.

Here is your morning trading snapshot from 10:39 a.m ET/1439 GMT

(Sinéad Carew)

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INTRADAY TACTICS AROUND THE FED DECISION CLICK HERE

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FINALLY, THE FED CLICK HERE