Stocks were mixed in the lead up to this afternoon's policy announcement from the Federal Reserve, with the tech and communication services sectors woefully underperforming following a batch of poorly received earnings updates. However, selling ramped up across all three main indexes after the Fed indicated it is in no hurry to cut interest rates.
Around midday, the Dow Jones Industrial Average was up marginally, while the S&P 500 and the Nasdaq Composite were down around 1% apiece.
