Stocks churned to a mixed close on Wall Street after a highly anticipated report showed inflation accelerated across the country last month, but not by much more than expected.
The S&P 500 managed a gain of 0.1% Wednesday after drifting between small gains and losses. The Dow fell 70 points, and the Nasdaq composite rose 0.3%.
While the inflation data was a touch hotter than estimated, economists and investors don’t expect it to change the Federal Reserve’s anticipated track much. The forecast is still for the Fed to keep interest rates steady at its meeting next week. Treasury yields fell.