Wall Street is holding firmer on Wednesday, and U.S. stocks are drifting between small losses and gains a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected.

Asian stocks are mostly lower after U.S. stock indexes finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected

U.S. stock indexes are feeling pressure from better-than-expected reports on the job market and business activity.

Good news for the U.S. economy is back to being bad for Wall Street as the S&P 500, Dow Jones industrial average and Nasdaq all post losses.