Wholesale Inflation Spurs Mixed Results on Wall Street

Stocks Mixed on Wall Street as Investors Look for Fed’s Next Move on Interest Rates

Stocks on Wall Street were mixed in morning trading on Friday as investors reviewed reports on inflation and consumer sentiment for clues about the Federal Reserve’s next move on interest rates. The S&P 500 was down 0.2% after wavered between small gains and losses throughout the morning. This marks the benchmark index’s second losing week in a row. Meanwhile, the Dow Jones Industrial Average was up 0.2% at 35,254 points, and the Nasdaq composite was 0.6% lower due to a pullback in big tech companies.