03:45 PM EST, 11/13/2024 (MT Newswires) -- US benchmark equity indexes were mostly higher ahead of Wednesday's close after official data showed consumer inflation rose in line with Wall Street's expectations in October.

The Dow Jones Industrial Average was up 0.3% at 44,021.5, while the S&P 500 rose 0.2% to 5,998.5. The Nasdaq Composite was little changed at 19,281. Among sectors, consumer discretionary paced the gainers, while communication services saw the biggest drop.

The US consumer price index increased 0.2% last month, the same as it did July through September, the Bureau of Labor Statistics reported. Annually, inflation accelerated to 2.6% from September's 2.4% pace.

Official producer prices data for October are scheduled to be released Thursday.

The US 10-year yield rose 1.2 basis points to 4.45%, while the two-year rate fell 6.9 basis points to 4.28%.

Cisco Systems ( CSCO ) is scheduled to report its latest quarterly financial results after the closing bell.

West Texas Intermediate crude oil was down 0.1% at 68.08 a barrel.