US mkts end mixed ahead of Fed meet

CNBC's Sharon Epperson - Stocks closed mixed, as investors stay cautious ahead of tomorrow’s Federal Reserve Policy Meeting. Analysts expect another quarter point cut before the Fed hits the pause button on way changes. The Dow lost 20 points today, the S&P 500 fell 1 and the Nasdaq gained 1.

Mars and Corporate teams have put Warren Buffett to buy Wrigley’s for about USD 23 billion in cash. The merger brings together the world’s biggest maker of chewing gum with a maker of M&M’s and Snickers.

Jet fuel prices likely to continue to sour as oil closes over USD 118/bbl today. Crude oil prices soured to a new record just 7 cents a share just USD 120/bbl mark earlier this morning. Concerns about supply disruption in the UK and Nigeria sent prices higher.

Wall Street action:

• Investors cautious ahead of Fed meet
• Analysts expect another quarter point cut by Fed
• Dow down 20 pts, S&P 500 falls 1 pt while Nasdaq gains 1 pt
• Mars, Berkshire offer to buy Wrigley for $23 bn in cash
• Crude trading above $118/bbl
• Concerns about supply disruption in UK & Nigeria sends oil prices higher