03:52 PM EDT, 06/11/2024 (MT Newswires) -- US benchmark equity indexes were mixed ahead of Tuesday's close, as the Federal Reserve kicked off its two-day monetary policy meeting while investors awaited official consumer inflation data for May, scheduled to be released Wednesday.

The Dow Jones Industrial Average was down 0.4% at 38,716.4. The Nasdaq Composite rose 0.7% to 17,306.5, while the S&P 500 gained 0.1% to 5,368.5. Among sectors, financials led the decliners, while technology and communication services were in the green.

The central bank's Federal Open Market Committee is widely expected to hold its benchmark lending rate steady Wednesday, according to the CME FedWatch Tool, which would mark a seventh consecutive pause. The focus, however, will be on policymakers' updated Summary of Economic Projections.

The US 10-year yield fell 7.1 basis points to 4.40%, while the two-year rate declined 5.5 basis points to 4.83%.

Government data are likely to show Wednesday that US consumer inflation rose 0.1% sequentially and 3.4% annually in May, according to a Bloomberg-compiled consensus.

Oracle (ORCL), Casey's General Stores (CASY) and Rubrik ( RBRK ) are among the companies scheduled to report their latest financial results after the closing bell.

West Texas Intermediate crude oil rose 0.2% to $77.88 per barrel.