Stock market today: Wall Street drifts after inflation report confirms price increases are cooling

U.S. stock indexes were mixed Friday after shedding some of their early gains following a U.S. government report showing inflation remained low last month.

The S&P 500 was up 0.1% in afternoon trading, with slightly more than half of the stocks in the index trading lower. The Dow Jones Industrial Average was down 100 points, or 0.3%, a day after setting its third all-time high this week. The Nasdaq composite rose 0.3% as of 1:37 p.m. Eastern.

Wall Street was mulling over encouraging reports on inflation...