US benchmark equity indexes ended mixed Wednesday as the Federal Reserve left its benchmark lending rate unchanged for a third straight meeting, saying that upside risks to inflation and unemployment have increased.

* The Federal Open Market Committee kept interest rates in the range of 4.25% to 4.50%, in line with Wall Street's expectations. Policymakers cut rates by 50 basis points in September and by 25 basis points each in November and December.

"Uncertainty about the economic outlook has increased further," the FOMC said Wednesday following its two-day meeting. "The committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen."

* US and China officials are due to meet in Switzerland this weekend to discuss economic and trade matters.

On Thursday, the European Union is expected to outline a list of more than $100 billion worth of US products it could hit with tariffs if trade discussions with the Trump administration fail, The Wall Street Journal reported, citing sources.

* June West Texas Intermediate crude oil closed down $1.14 to settle at $57.95 per barrel, while July Brent crude, the global benchmark, was last seen down $1.17 to $60.98 on abundant supply, despite early support on hopes talks between China and the United States can end their trade war.

* Disney (DIS) shares jumped nearly 11%. The media and entertainment giant raised its full-year earnings outlook after reporting a surprise increase in profit for its fiscal Q2.

* Marvell Technology (MRVL) shares sank 8.9%. The company late Tuesday narrowed its fiscal Q1 revenue outlook range and said it was postponing its investor day scheduled for June 10 to a future date in 2026, citing a "dynamic macroeconomic environment."