The S&P 500 moved higher as investors digested fresh inflation data following a volatile trading session.
The Dow Jones Industrial index fell 50.37 points at 40,811.34.
The much broader index inched up 11.34 points to 5,565.81.
The NASDAQ hiked 78.65 points to 17,474.18.
The latest producer price index, which measures the average change in prices businesses receive for their goods and services, reflected a 0.2% rise in wholesale prices in August. That’s in line with expectations.
The report follows consumer inflation data released Wednesday — which an uptick in core prices. These strip out volatile food and energy categories. The reading spooked investors hoping for a half-percentage point cut from the Federal Reserve at its meeting next week.
Prices for the 10-year Treasury sagged, raising yields up to 3.69% from Wednesday’s 3.66%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.27 to $68.58 U.S. a barrel.
Gold prices slipped $31.10 to $2,573.50.
