U.S. stocks close slightly higher, bouncing from Tuesday’s selloff

U.S. stocks ended slightly higher Wednesday, bouncing from Tuesday’s selloff as investors parsed fresh data on wholesale prices. The Dow Jones Industrial Average edged up 0.1%, while the S&P 500 gained 0.3% and the Nasdaq Composite rose 0.7%, according to preliminary FactSet data. The producer price index showed that the cost of U.S. wholesale goods and services fell 0.1% in August largely because of cheaper gasoline, with the rise over the past year easing to 8.7% from 9.8% in July, according to a report Wednesday from the U.S. Bureau of Labor Statistics. But core PPI data, which excludes food and energy from wholesale prices, rose 0.2% in August, the report shows.

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