US stocks: S&P 500 dips, Nasdaq higher after data shows moderate inflation rise

US stocks: S&P 500 dips, Nasdaq higher after data shows moderate inflation rise

The three major indices closed mixed for the day Read more at The Business Times.

S&P 500 dips, Nasdaq higher after data shows moderate inflation rise

NEW YORK — The Nasdaq climbed Wednesday and the S&P 500 dipped, but both indexes notched their second straight quarterly gains as a softer-than-anticipated inflation reading cooled expectations that Federal Reserve policymakers would hike rates in October.

Wall St mixed as US data shows moderate inflation rise

The Nasdaq has climbed and the S&P 500 dipped, but both indices notched their second straight ‌quarterly gains, as a softer-than-anticipated inflation reading cooled expectations that Federal Reserve policy makers will hike rates in October.