FILE – The New York Stock Exchange on Wednesday, June 29, 2022 in New York. (AP Photo/Julia Nikhinson, File)

NEW YORK (AP) — Stocks are edging higher on Wall Street after a report showed inflation is cooling faster than expected. The S&P 500 was 0.2% higher Wednesday after bouncing between small gains and losses earlier. The Dow Jones Industrial Average rose and and Nasdaq composite was relatively unchanged. A report showed prices at the consumer level rose 5% last month from a year earlier. That’s still high, which kept a check on financial markets. But it was also below what economists expected and marked a continued slowdown from inflation’s peak last summer. Yields also swayed following the report.