NEW YORK—A mixed day of trading left Wall Street slightly higher on Wednesday after a report showed inflation is making strides toward easing, even if it remains too high.
The S&P 500 rose 18.47, or 0.4 percent, to 4,137.64 after swinging between gains and losses through the day. The Dow Jones Industrial Average slipped 30.48, or 0.1 percent, to 33,531.33, while the Nasdaq composite rallied 126.89, or 1 percent, to 12,306.44.
Bond prices climbed after the highly anticipated report said inflation at the consumer level edged down to 4.9 percent last month, its lowest level in two years. That was slightly better than economists expected, and other underlying measures of inflation also came in very close to forecasts….