Metro Plus News Stock market today: Wall Street churns to a mixed finish

Stock market today: Wall Street churns to a mixed finish

Wall Street churned to a mixed finish on Wednesday after a highly anticipated report showed inflation accelerated across the country last month, but not by much more than expected.
The S&P 500 edged up by 5.54 points, or 0.1%, to 4,467.44 after flipping between small gains and losses a few times through the day.
The Dow dropped 70.46 points, or 0.2%, to 34,575.53, and the Nasdaq composite rose 39.97, or 0.3%, to 13,813.59.
The modest moves followed a shaky immediate reaction to the inflation report across financial markets, where bond yields and stock prices swung back and forth several times.
The report said U.S. consumers paid prices last month that were 3.7% higher than a year earlier, up from July’s inflation rate of 3.2%.