12:29 PM EDT, 06/11/2024 (MT Newswires) -- US equity indexes traded mixed midday Tuesday as technology gains helped the Nasdaq Composite grind higher amid an air of caution ahead of the monetary policy announcement and the inflation print.

The Nasdaq Composite rose about 0.1% to 17,203.4 after midday on Tuesday. The S&P 500 fell 0.3% to 5,343.5, and the Dow Jones Industrial Average declined 0.8% to 38,577.1.

All sectors except for real estate and technology declined intraday.

Apple ( AAPL ) plans to roll out new features in its latest operating systems this fall. The company said the new features include improvements to its maps, music, wallet, and fitness applications. Its shares jumped 5.8% intraday, the top gainer on the Nasdaq, the S&P 500, and the Dow.

The Federal Open Market Committee's interest-rate-setting meeting will unveil its policy statement on Wednesday shortly after the government releases its May consumer price inflation data. While investors expect the FOMC to extend its policy pause, they will look out for the Summary of Economic Projections to gauge the path ahead for interest rates this year and Chair Jerome Powell's media briefing following the policy announcement.

The US 10-year yield fell 1.6 basis points to 4.45%, and the two-year rate declined 2.6 basis points to 4.86%. The US Dollar index, however, rose 0.3% to 105.43.

Further, in company news, Tesla (TSLA) Chief Executive Elon Musk said he would ban Apple ( AAPL ) devices at his companies if the iPhone maker integrates OpenAI into its operating systems. "That is an unacceptable security violation." Shares of Tesla fell 3.4% intraday, among the worst performers on the Nasdaq.

West Texas Intermediate crude oil rose 0.5% to $78.13 a barrel.