US benchmark equity indexes were mixed ahead of Wednesday's close after official data showed consumer inflation accelerated in line with Wall Street's projections last month.

The Nasdaq Composite was up 1.8% at 20,045.1, while the S&P 500 rose 0.9% to 6,086.3. The Dow Jones Industrial Average fell 0.1% to 44,198. Among sectors, communication services paced the gainers, while health care saw the biggest drop.

The US consumer price index increased 0.3% in November, ticking up from 0.2% in each of the previous four months, the Bureau of Labor Statistics reported. Annually, inflation accelerated to 2.7% from October's 2.6% pace. Both measures were in line with forecasts in a Bloomberg-compiled survey.

The official producer prices report for November is scheduled to be released Thursday.

The US 10-year yield increased 4.6 basis points to 4.27%, while the two-year rate rose one basis point to 4.16%.

Adobe (ADBE) and Nordson (NDSN) are among the companies scheduled to report their latest quarterly financial results after the closing bell.

West Texas Intermediate crude oil rose 2.6% to $70.39 a barrel.