NYSE closes mixed despite expected under-money wholesale prices

Wholesale prices in the U.S. fell below expectations last month, but the three major New York stock indexes, which had been fluctuating during the session, ended mixed, with blue-chip stocks strong and technology stocks weak.

On the New York Stock Exchange, the Dow Jones 30 Industrial Average closed at 42,518.28, up 221.16 points and 0.52% from the previous session.

The Standard & Poor's 500 closed at 19,044.39, up 6.69 points and 0.11% from the previous session, while the Nasdaq Composite closed at 19,044.39, down 43.71 points and 0.23% from the previous session.

The lower-than-market growth in the U.S. producer price index, known as wholesale prices, last month was a boon for raising the possibility of a rate cut, but the market remained wary of rising consumer prices.

Federal Reserve Bank of Kansas City Governor Jeffrey Schmid said: "We support progressive monetary policy adjustments, and as the U.S. fiscal is deteriorating and there is a lot of borrowing from the U.S. Treasury, interest rates may remain higher."