NEW YORK, Sept 14 — Wall Street stock indices moved in opposite directions Wednesday after a mixed inflation report as European bourses dipped ahead of a European Central Bank decision.
But by the end of the session, both the S&P 500 and Nasdaq were narrowly higher while the Dow edged lower. Ben Laidler, global markets strategist at financial services firm eToro, said the CPI reading will force the Fed “to keep interest rates at a 20-year high until it sees more progress in the last and hardest yards to get inflation firmly on track towards its 2 per cent target.”
Both Paris and Frankfurt stocks closed lower ahead of an interest-rate decision Thursday from the ECB.
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