How major US stock indexes fared Thursday, 1/11/2024

Wall Street drifted to a mixed close after an inflation report forced some investors to push back forecasts for when the Federal Reserve will deliver long-sought cuts to interest rates

Wall Street drifted to a mixed close after an inflation report forced some investors to push back forecasts for when the Federal Reserve will deliver long-sought cuts to interest rates.

The S&P 500 ended down 0.1% Thursday after swinging up and down a few times through the day. The Dow edged up less than 0.1%, and the Nasdaq composite was flat.

Treasury yields also wobbled after the inflation data raised doubts about when the Fed will begin cutting interest rates. Crude oil rose to recover some of its sharp losses from earlier in the week.

On Thursday:

The S&P 500 fell 3.21 points, or 0.1%, to 4,780.24.