Dow loses grip on gains as Nasdaq finishes up over 1% after inflation reading


U.S. stocks finished mostly higher on Wednesday, with only the Dow lagging in the red, following a report on inflation in April showed price pressures eased about as much as expected. The S&P 500 SPX gained 18.40 points, or 0.5%, to 4,137.60, according to preliminary closing data from FactSet. The Dow Jones Industrial Average DJIA shed 30.68 points, or 0.1%, to 33,531.13. The Nasdaq Composite COMP gained 126.69 points, or 1%, to 12,306.44. Headline inflation rose by 4.9% year-over-year in April, while core prices rose by 5.5% year-over-year.

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