Stocks edge higher in anticipation for upcoming inflation data
Los Angeles —
Wall Street stocks finished higher Wednesday as yields finished mixed and investors await key inflation data for insight on the future of interest rates and the Economy.
The S&P 500 rose 0.4% to 4,376.95.
The Dow Jones Industrial Average inched up 0.19% to 33,804.87 while the tech-heavy Nasdaq Composite added 0.7% to close at 13,659.68.
All three major indexes marked a fourth consecutive day of winning.
Investors are waiting in anticipation for Thursday’s consumer price report for September.
The strength of persisting inflation will help determine whether the Federal Reserve will raise or keep interest rates steady at its two-day meeting on October 31st.
