Stocks Mixed as Oil Drops, US Inflation Stays High

Stocks mixed as oil drops, US inflation stays high

NEW YORK: Wall Street stocks finished lower Wednesday (Aug 26) after US inflation came in steady but elevated as markets traded cautiously ahead of earnings from Nvidia and a widely anticipated Federal Reserve speech.The S&P 500 finished a hair lower and the Dow slipped 0.2 per cent fo

S&P 500 little changed as inflation stays elevated

US shares finished largely unchanged on Wednesday as investors assessed the latest inflation data and looked ahead to Nvidia’s quarterly results. The S&P 500 edged 0.02% lower to 7,675.70, while the Nasdaq Composite slipped 0.08% to 26,130.20. The Dow Jones Industrial Average fell 113.52 points, or 0.21%, to 53,463.88. The Federal Reserve’s preferred inflation measure showed price pressures remained elevated in July. Headline personal consumptio…