U.S. stock markets concluded the day with mixed results following the latest inflation data that has fueled optimism for an economic boost, potentially through another interest rate reduction next month.

The S&P 500 saw minimal movement by the end of Wednesday’s session, while the Dow Jones Industrial Average recorded a slight increase of 0.1%. Conversely, the Nasdaq composite experienced a decline of 0.3%.

Treasury yields exhibited mixed responses after data indicated that consumer inflation for the previous month aligned perfectly with economists’ projections. This report has boosted speculation that the Federal Reserve may implement a third interest rate cut this year within the next month, leading to a decrease in short-term Treasury yields.

On Wednesday’s trading, the S&P 500 increased by 1.39 points, finishing at 5,985.38. The Dow Jones Industrial Average gained 47.21 points, reaching 43,958.19, while the Nasdaq composite dropped 50.66 points, ending at 19,230.74. Additionally, the Russell 2000 index, which tracks smaller companies, fell by 22.47 points to close at 2,369.37.

Looking at the week as a whole, the S&P 500 has seen a decrease of 10.16 points, or 0.2%. The Dow is down by 30.80 points, translating to a 0.1% drop. The Nasdaq has decreased by 56.04 points, or 0.3%, while the Russell 2000 has fallen 30.27 points, representing a 1.3% decline.

In terms of year-to-date performance, the S&P 500 has risen significantly by 1,215.55 points, which is an impressive 25.5%. The Dow has seen an increase of 6,268.65 points, or 16.6%. The Nasdaq is up 4,219.39 points, equating to 28.1%, while the Russell 2000 has risen by 342.30 points, reflecting a 16.9% gain.