US equity markets ended the session largely unchanged, reflecting a cautious stance among investors ahead of the Federal Reserve's upcoming policy decision.
The lack of directional conviction was underscored by a notable rotation out of the semiconductor sector, which had previously provided upward momentum to the broader market.
While chip-related names faced selling pressure, the broader index struggled to find sustained footing, resulting in a flat close.
This marks a shift from earlier in the week, when technology divergence drove more volatile trading patterns.
The retreat from semiconductors suggests traders are reducing exposure to high-beta growth assets in anticipation of potential rate guidance from the central bank.
The market's hesitation comes as investors digest the implications of the Fed's next move.