Wall Street closed mixed on Wednesday as investors weighed the latest inflation reading and continued to monitor corporate earnings. The Dow Jones Industrial Average fell 0.04 percent, or 21.58 points, to close at 53,770.27, while the Nasdaq Composite advanced 0.5 percent to 26,588.49 and the S&P 500 gained 0.3 percent to 7,748.50. The Department of Labor reported that consumer price inflation rose 0.1 percent in July after falling 0.4 percent in June, in line with the Zacks Consensus Estimate, reducing the likelihood of a September rate hike by the Federal Reserve. Lumentum Holdings reported quarterly earnings of $3.23 per share, up from $0.88 a year ago and ahead of the Zacks Consensus Estimate of $2.99 per share, while H&R Block reported earnings of $2.38 per share, up from $2.27 a year ago and ahead of the consensus estimate of $2.23 per share. Super Micro Computer reported quarterly earnings of $1.7 per share, up from $0.41 a year ago and ahead of the Zacks Consensus Estimate of $0.68 per share, with total revenues of $11.12 billion, up from $5.76 billion a year ago.
