NEW YORK (AP) — Stocks are stumbling principally higher on Wall Street Wednesday after inflation slowed final month however nonetheless got here in worse than feared.
The S&P 500 was 0.4% higher after waffling between positive aspects and losses in early buying and selling. The Dow was up 1% and the Nasdaq was 0.5% decrease as tech shares once more lagged the market.
Treasury yields initially jumped following the inflation report however pared their positive aspects.
Wall Street has been transfixed on the nation’s excessive inflation, and the place it’s heading, as a result of it’s inflicting the Federal Reserve to yank the helps it propped beneath markets for many of the pandemic.