Dow ekes out record closing high as tame inflation soothes concerns

Dow ekes out record closing high as tame inflation soothes concerns

Dow ekes out record closing high as tame inflation soothes concerns

(CNBC) — U.S. stocks climbed in the volatile session on Wednesday as investors cheered a batch of solid corporate earnings as well as data showing subdued inflation.

The S&P 500 gained 0.1%, hitting an all-time high. The Dow Jones Industrial Average last traded up 120 points. At its session low, the blue-chip average fell 150 points. The Nasdaq Composite was flat as Amazon and Apple traded in the red.

The U.S. consumer price index rose 0.3% in January, matching expectations from economists polled by Dow Jones. The core consumer price index, which excludes volatile food and energy costs, was unchanged last month.

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Dow ekes out record closing high as tame inflation soothes concerns