Dow Jones gained ground on Wednesday as the NASDAQ and SP 500 both lost ground, with investors assessing latest US inflation data.

Earlier US data showed consumer prices rose 3.2% y/y in February, up from 3.1% in January, while analysts expected no change.

On a monthly basis, US consumer prices rose 0.4% last month, accelerating from 0.3% in January.

Core prices, excluding food and energy, rose 3.8% y/y in February, slowing down from 3.9%.

Now investors await US producer prices data tomorrow, expected to show a monthly increase of 0.3% in February.

On trading, Dow Jones rose 0.4%, or 155 points as of 16:37 GMT to 39,160, while SP 500 fell 0.1%, or 6 points to 5169, as NASDAQ shed 0.5%, or 90 points to 16,176.