NEW YORK—Several sharp reversals for stocks left Wall Street mixed on Tuesday after a report showed inflation is continuing to slow, but perhaps not as quickly or as smoothly as hoped.
The S&P 500 finished the day virtually where it started, edging down by less than 0.1 percent, after swerving between gains and losses. The Dow lost 156 points, or 0.5 percent, while the Nasdaq went on the widest run. It finished 0.6 percent higher after ricocheting between a loss of 1.1 percent and a gain of 0.9 percent.
The action was more decisive in the bond market, where yields climbed as investors braced for the Federal Reserve to get firmer on interest rates to combat inflation….