The Dow Jones Industrials progressed 87.36 points to 44,947.67, putting the blue-chip average on pace for another record close.
The much-broader index subtracted 16.76 points to 6,004.87.
The NASDAQ Composite dumped 150.82 points to 19,024.76, hurt in part by a slide of more than 3% in Nvidia shares.
Still, it’s been a notable week as the Dow and S&P 500 rose to all-time highs. The Dow is now tracking to end the week 1.4% higher, while the S&P 500 is aiming for a hike of 0.6% and NASDAQ Composite is slated for gains of 0.1%.
Investors followed the latest reading of the personal consumption expenditures price index, or PCE, released Wednesday morning. The closely watched inflation gauge rose 0.2% in October and 2.3% on an annualized basis, in line with expectations from economists polled by Dow Jones. Excluding food and energy, the so-called core measure increased 0.3% month over month and 2.8% compared with a year ago, also matching consensus forecasts.
Prices for the 10-year Treasury gained ground, lowering yields to 4.27% from Tuesday’s 4.30%. Treasury prices and yields move in opposite directions.
Oil prices recovered 15 cents to $68.92 U.S. a barrel.
Prices for gold perked $19.80 an ounce to $2,666.10 U.S.