U.S. stock indexes ended mixed after drifting between small losses and gains.
Trading was relatively subdued a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected. The S&P 500 edged up 0.2 percent Wednesday. The Dow Jones Industrial Average added 0.3 percent, and the Nasdaq composite slipped 0.1 percent.
In the bond market, the moves were also more modest following the charge higher for yields over the last month. Reports on the economy came in mixed, and a top Federal Reserve official said he still expects rate cuts this year.
On Wednesday:
The S&P 500 rose 9.22 points, or 0.2 percent, to 5,918.25.
The Dow Jones Industrial Average rose 106.84 points, or 0.3 percent, to 42,635.20.
The Nasdaq composite fell 10.80 points, or 0.1 percent, to 19,478.88.
The Russell 2000 index of smaller companies fell 10.84 points, or 0.5 percent, to 2,238.96.
For the week:
The S&P 500 is down 24.22 points, or 0.4 percent.
The Dow is down 96.93 points, or 0.2 percent.
The Nasdaq is down 142.80 points, or 0.7 percent.
The Russell 2000 is down 29.51 points, or 1.3 percent.
For the year:
The S&P 500 is up 36.62 points, or 0.6 percent.
The Dow is down 90.98 points, or 0.2 percent.
The Nasdaq is up 168.08 points, or 0.9 percent.
The Russell 2000 is up 8.81 points, or 0.4 percent.
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