Stocks drifted to a mixed close on Wall Street after central banks around the world showed they’re not done cranking interest rates higher in their fight against inflation.
The S&P 500 rose 0.4 percent Thursday. Most stocks in the index fell, but gains from some big technology stocks countered losses elsewhere. The Nasdaq rose 1 percent and the Dow was little changed.
The Bank of England hiked its main interest rate by more than expected, while central banks in Norway, Switzerland and Turkey also raised rates. Federal Reserve Chair Jerome Powell said again that rates may go higher in the United States….