Dow rises, Nasdaq slips after key Fed inflation gauge shows faltering progress
US stocks diverged Wednesday as investors digested fresh data that showed inflation made little progress toward the Fed’s 2% target in October. After clinching record highs on Tuesday, the S&P 500 (^GSPC) fell about 0.2%, while the Dow Jones Industrial Average (^DJI) rose around 0.3%. The tech-heavy Nasdaq Composite (^IXIC) was down about 0.7%. The … Read more