U.S. stocks mostly rose after getting some relief from an encouraging inflation update

U.S. stocks mostly rose after getting some relief from an encouraging inflation update. But even on a rare up day for the market, President Donald Trump’s trade war still knocked stocks around.

The S&P 500 climbed 0.5% Wednesday after skidding between an even bigger early gain and a later loss. The Dow Jones Industrial Average also pinballed between gains and losses, and wound up 0.2% lower. The Nasdaq composite added 1.2%.

AI stocks led the way, but U.S. companies targeted by tariffs announced by Europe and others weighed on the market. Harley-Davidson and whiskey maker Brown-Forman fell.

The S&P 500 rose 27.23 points, or 0.5%, to 5,599.30.

The Dow Jones Industrial Average fell 82.55 points, or 0.2%, to 41,350.93.

The Nasdaq composite rose 212.35 points, or 1.2%, to 17,648.45.

The Russell 2000 index of smaller companies rose 2.87 points, or 0.1%, to 2,026.47.