Wall St little-changed after inflation, labour data

At 4:11 p.m. the Dow rose 15.29 points, or 0.04%, to 37,711.02. The S&P 500 lost 3.21 points, or 0.07%, at 4,780.24 and the Nasdaq gained just 0.54 points, at 14,970.19. — Reuters

NEW YORK: US stocks closed little-changed on Thursday as news of hotter-than-expected inflation and signs of labour market strength dampened hopes for early interest rate cuts by the Federal Reserve this year, but a fall in Treasury yields kept declines in check.

In a choppy session, equities opened higher and the benchmark S&P 500 briefly surpassed its record closing high of 4,796.56, hit in January 2022, before erasing initial gains.