Wall Street is drifting and making smaller moves on Wednesday, a day after strong reports on the economy stirred up worries that inflation and interest rates may stay higher than expected. The S&P 500 was edging down by 0.

The day of mourning will be held on the same day as Mr. Carter’s funeral at Washington National Cathedral. President Biden will deliver a eulogy at the funeral, and a eulogy written by Gerald R. Ford, who died in 2006, will be read by his son Steven Ford.