The Fed's Preferred Inflation Gauge Was Cooler And Private Payrolls Beat Expectations. Stocks Were Mixed.

Stocks were mixed on Wednesday after the Fed's preferred inflation gauge was much cooler than expected. (Credit: Reuters)

Stocks were mixed on Wednesday after the Federal Reserve's preferred inflation gauge and private payrolls were better than expected.

The tech-heavy Nasdaq Composite gained 0.24%, while the S&P 500 and the Dow Jones Industrial Average fell 0.25% and 0.86%, respectively.