Stocks mixed as oil drops, US inflation stays high

Jensen Huang, president and CEO of Nvidia, waits for a groundbreaking ceremony for an expansion of Coherent's manufacturing facility to begin on Jun 16, 2026, in Sherman, Texas. (Photo: AP/Jeffrey McWhorter) 27 Aug 2026 05:10AM NEW YORK: Wall Street stocks finished lower Wednesday (Aug 26) after US inflation came in steady but elevated as markets traded cautiously ahead of earnings from Nvidia and a widely anticipated Federal Reserve speech.The S&P 500 finished a hair lower and the Dow slipped 0.2 per cent following a report showing that the personal consumption expenditures price index rose 3.7 per cent in July from a year ago, the same annual increase as in June.But Wednesday's PCE inflation data, while stable, remains close to three-year highs.The United States "still has an inflation p