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Traders Chris Lagana, left, and Michael Capolino work on the floor of the New York Stock Exchange, Thursday, June 25, 2026.

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Stocks drift on Wall Street as oil prices swing

Stocks drift on Wall Street as oil prices swing

U.S. stocks are drifting following strong profit reports from big companies and more details on the path of inflation. The S&P 500 was mostly unchanged Wednesday. Stocks were nearly evenly split between gainers and losers. The Dow Jones Industrial Average rose 43 points and the Nasdaq composite rose 0.1%. BlackRock surged after becoming the latest financial company to report a bigger profit for the latest quarter than analysts expected. Several big tech companies fell and checked gains elsewhere. New data showed inflation slowed at the wholesale level last month. Oil prices swung near their highest levels in a month.