World News Wall St mixed as inflation data lifts small-cap stocks Blog

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Wall Street’s major stock indexes are struggling for direction as investors favored interest-rate-sensitive small-cap stocks over expensive mega-cap stocks after weaker-than-expected inflation figures boosted hopes of monetary easing in September.

A report from the US Department of Labor showed that consumer prices in the US fell unexpectedly and that the annual increase was the smallest in a year, supporting the view that the disinflation trend is back underway.

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