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Dow edges higher, stocks aim for gains in choppy trade after inflation update

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U.S. stocks were aiming for gains on Thursday, despite choppy trade after July inflation data showed price pressures in a lower trend. The Dow Jones...

U.S. stocks were aiming for gains on Thursday, despite choppy trade after July inflation data showed price pressures in a lower trend. The Dow Jones Industrial Average DJIA, +0.15% was up about 143 points, or 0.4%, near 35,266, at last check, while the S&P 500 index SPX, +0.03% and Nasdaq Composite Index COMP, +0.12% were up 0.

3% and 0.4%, respectively. Stocks have been volatile intraday in recent sessions. “This seems to be the new trend,” said Peter Cardillo, chief market economist, Spartan Capital Securities. “The market takes off like a powerhouse, and during the course of the session, loses steam. I think you can contribute that to intraday volatility.”

 

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