Stocks Edge Higher After Steep Selloff

U.S. stocks inched higher Wednesday, recovering some losses from the previous day’s wild session that was spurred by a hotter-than-expected inflation report.

The S&P 500 added 13.32 points, or 0.3%, to 3946.01, a day after the benchmark index plummeted 4.3% in its worst selloff since June 2020. The Dow Jones Industrial Average rose 30.12 points, or 0.1%, to 31135.09. The tech-focused Nasdaq Composite gained 86.10 points, or 0.7%, to 11719.68. The indexes wobbled between small gains and losses throughout the session.

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