US stock indices were mixed on Wednesday as investors assessed Personal Consumption Expenditure (PCE) inflation report.
At 10:03 a.m. the Dow Jones Industrial Average rose 47.83 points, or 0.11%, to 44,908.14, the S&P 500 lost 8.68 points, or 0.14%, to 6,012.95 and the Nasdaq Composite lost 87.31 points, or 0.46%, to 19,088.26.
A Commerce Department report showed the PCE index, the Federal Reserve’s preferred inflation gauge, rose 2.3% in October on an annual basis. On a monthly basis, it rose 0.2%.
