US Federal Reserve Chair Jerome Powell
US Federal Reserve Chair Jerome Powell attends a press conference in Washington, DC, on March 22, 2023.

  • US stocks were mixed on Tuesday as the Fed kicked off its two-day policy meeting. 
  • Investors are widely expecting the central bank to raise interest rates by 25 basis points. 
  • Meanwhile, Alphabet and Microsoft will report their earnings on Tuesday.

US stocks traded mixed on Tuesday morning as investors prepared for a week of Big Tech earnings, while gearing for the start of the Federal Reserve's July meeting.

The Dow Jones Industrial Average risked breaking an 11-day winning streak.