NEW YORK, Sept. 14 (Xinhua) -- U.S. stocks eked out modest gains on Wednesday, as Wall Street struggled to recover from its worst daily sell-off in more than two years.
The Dow Jones Industrial Average increased 30.12 points, or 0.10 percent, to 31,135.09. The S&P 500 rose 13.32 points, or 0.34 percent, to 3,946.01. The Nasdaq Composite Index climbed 86.11 points, or 0.74 percent, to 11,719.68.
Six of the 11 primary S&P 500 sectors ended in green, with energy and consumer discretionary up 2.85 percent and 1.3 percent, respectively, outpacing the rest. Real estate slipped 1.39 percent, the worst-performing group.
The U.S. Labor Department reported Wednesday that the country's producer price index, which measures costs for goods at the factory gate, dipped 0.1 percent in August, in line with market expectations.
A separate report by the department on Tuesday showed that U.S. consumer price index (CPI) advanced last month, pointing to a stubbornly high cost of living for Americans despite recent relief at the gas pump. The core CPI, which excludes food and energy, rose 0.6 percent, far above consensus forecasts.
U.S. equities plunged on Tuesday, with all three major averages posting their biggest one-day slides since June 2020, as the hotter-than-expected inflation report stoked fears that the Federal Reserve is likely to deliver more outsized rate hikes. ■