(For a Reuters live blog on U.S., UK and European stock

markets, click LIVE/ or type LIVE/ in a news window)

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Intel ( INTC ) up after report new CEO plots overhaul of

manufacturing,

AI operations

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February retail sales rise 0.2%

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New York factory activity falls in March

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Indexes: Dow up 0.39%, S&P 500 up 0.06%, Nasdaq down 0.44%

(Updates to mid-session trading)

By Pranav Kashyap and Johann M Cherian

March 17 (Reuters) - Wall Street's main indexes were

mixed in choppy trading on Monday following the latest batch of

economic data as investors try to gauge the impact of the Trump

administration's tariffs on the world's largest economy.

Retail sales rebounded marginally in February, but fell

short of expectations. A separate report showed factory activity

in New York State plummeted this month by the most in nearly two

years.

The Fed's rate decision is slated for Wednesday, with market

expectations firmly anticipating the U.S. central bank will

maintain current interest rates, according to data compiled by

LSEG.

Focus will be on commentary from the central bank on

economic growth or inflation concerns.

Some investors continued "buying the dip" from Friday's

session, with the equally weighted S&P 500 index rising

0.9%.

Eight of the 11 S&P 500 subsectors rose, while technology

stocks weighed on the S&P 500 index.

Analysts said Wall Street was in oversold territory last

week as both the S&P 500 and the Nasdaq posted their

fourth straight weekly losses, with the Dow also sliding.

"What you're seeing today is a follow through from Friday's

rally. We were very technically oversold," said Dennis Dick, a

trader at Triple D Trading.

Over the weekend, Treasury Secretary Scott Bessent warned in

an interview that there are "no guarantees" the United States

will escape a recession.

U.S. President Donald Trump's tariff hikes will drag down

growth in Canada, Mexico and the United States while driving up

inflation, the OECD said as it lowered its global economic

outlook and warned that a broader trade war would sap growth

further.

Trump has made it clear there will be no exemptions for

steel and aluminum tariffs, with reciprocal and sectoral tariffs

poised to take effect on April 2.

"We've got a 10 to 12 day window where stocks might find a

little bit of footing. However, as the April 2 deadline

approaches, it could bring us down again," Dick added.

At 11:46 a.m. the Dow Jones Industrial Average rose

162.46 points, or 0.39%, to 41,650.65, the S&P 500 gained 3.28

points, or 0.06%, to 5,642.22, and the Nasdaq Composite lost

78.98 points, or 0.44%, to 17,675.11.

Tesla declined 6.4%, weighing on the consumer

discretionary sector. A report showed brokerage Mizuho

lowered its price target on the EV maker's stock.

Quantum computing stocks such as D-Wave Quantum ( QBTS ) and

Quantum Corp ( QMCO ) rose 8.9% and 21%, respectively, ahead of

AI chip firm Nvidia's ( NVDA ) annual conference.

The blue-chip Dow index was close to correction territory,

about 2% away, while the other main indexes have confirmed

correction.

Intel ( INTC ) rose 7.4% after a report said incoming CEO

Lip-Bu Tan has considered significant changes to its chip

manufacturing methods and artificial intelligence strategies.

Advancing issues outnumbered decliners for a 3.48-to-1 ratio

on the NYSE and a 1.71-to-1 ratio on the Nasdaq.

The S&P 500 posted nine new 52-week highs and one new low,

while the Nasdaq Composite recorded 32 new highs and 86 new

lows.