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U.S. stocks close slightly higher, bouncing from Tuesday’s selloff

us.-stocks-close-slightly-higher,-bouncing-from-tuesday’s-selloff

U.S. stocks ended slightly higher Wednesday, bouncing from Tuesday’s selloff as investors parsed fresh data on wholesale prices. The Dow Jones Industrial Average DJIA, +0.10% edged up 0.1%, while the S&P 500 SPX, +0.34% gained 0.3% and the Nasdaq Composite COMP, +0.74% rose 0.7%, according to preliminary FactSet data. The producer price index showed that the cost of U.S. wholesale goods and services fell 0.1% in August largely because of cheaper gasoline, with the rise over the past year easing to 8.7% from 9.8% in July, according to a report Wednesday from the U.S. Bureau of Labor Statistics. But core PPI data, which excludes food and energy from wholesale prices, rose 0.2% in August, the report shows.

Source: Marketwatch

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