By Liz Moyer

Investing.com — U.S. stock prices were mixed, as investors considered economic data before central bank meeting.

At 10:16 AM ET, the was down 203 points, or 0.6%, while the fell 0.5%  and the was flat.

Europe’s economic output increased 0.6% in the quarter over the prior quarter, and 5.4% in the same quarter last year. They beat all expectations just a day before the European Central Bank meeting which will determine the direction of interest rate policy. Next week, the Federal Reserve will meet. Investors worry that central banks may raise interest rates excessively and push economies into recession.

The yield of the 10-year Treasury bonds rose more than 3%.

Novavax Inc (NASDAQ) stock surged 1% Wednesday after an advisory panel from the Food and Drug Administration recommended that Covid-19 be used in adulthood. Novavax would become the fourth-approved vaccine in the U.S.

Credit Suisse Group After the warning by the bank about profits for the second-quarter, which was based on tighter monetary policies and Russia’s war against Ukraine, shares of (NYSE:) rebounded to 1.8% higher and are now trading 1.8% better

Oil prices rose. The price of oil rose by 0.2% to $119.58/barrel, and 0.5% to $121.15/barrel. 1.3% increase to $1,856