Market Calm: Indexes Unmoved by Inflation Data

Wall Street's main indexes held steady due to consumer price inflation data that suggests the Federal Reserve will cut interest rates in December. The Dow Jones dipped slightly at the open, while the S&P 500 and Nasdaq Composite showed marginal increases.

Wall Street's major indexes remained largely stable on Wednesday, following consumer price inflation data that aligned with expectations.

The data supported the Federal Reserve's anticipated move to lower interest rates in December.

The Dow Jones Industrial Average saw a minor decline at the opening bell, dropping 30.5 points or 0.07%, closing at 43,880.46. Meanwhile, the S&P 500 and Nasdaq Composite both experienced slight gains, opening at 5,985.75 and 19,286.456, respectively.

(With inputs from agencies.)