NEW YORK—Stocks drifted to a mixed finish on Wall Street Thursday as central banks around the world keep cranking interest rates higher in their fight against inflation.
The S&P 500 rose 16.20, or 0.4 percent, to 4,381.89, even though the majority of stocks fell. A rebound for technology stocks helped to overshadow losses elsewhere in the market and keep the benchmark index afloat.
The gains for high-growth stocks also drove the Nasdaq composite to a market-leading gain of 128.41 points, or 1 percent, to 13,630.61. The Dow Jones Industrial Average fell 4.81, or less than 0.1 percent, to 33,946.71.
The Bank of England hiked its main interest rate by a bigger margin than expected to a 15-year high. Central banks in Norway, Switzerland, and Turkey also raised borrowing rates….