12:41 PM EDT, 08/14/2024 (MT Newswires) -- US equity indexes traded mixed in midday trading on Wednesday following in-line inflation for July month-over-month.

The Nasdaq Composite fell 0.3% to 17,140.7, with the S&P 500 up 0.1% to 5,440.7 and the Dow Jones Industrial Average 0.5% higher at 39,976.9. Financials and real estate were the biggest gainers, while communication services led the decliners intraday.

The US seasonally adjusted consumer price index rose 0.2% in July, as expected in a survey compiled by Bloomberg, following a 0.1% drop in June, the Bureau of Labor Statistics reported Wednesday. Core CPI, which excludes food and energy prices, rose 0.2%, which was in line with expectations and compared with a 0.1% gain in June.

The year-over-year overall and core CPI slowed to 2.9% and 3.2%, respectively, from 3% and 3.3% in the previous month.

Most Treasury yields fell, with the 10-year down 3.4 basis points to 3.82%.

West Texas Intermediate crude oil fell 0.9% to $77.66 a barrel.

In company news, Kellanova ( K ) agreed to be acquired by Mars in an all-cash deal worth $35.9 billion, including assumed net leverage. Mars, which owns brands like M&Ms and Skittles, will pay $83.50 per share to buy Kellanova ( K ), which owns brands like Pringles and Cheez-It, the companies said in a joint statement. Shares of Kellanova ( K ) jumped 7.7% intraday, the top performer on the S&P 500.