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

Asian stocks largely lower on Thursday after U.S. stocks had a volatile trading session and ended mixed. Equities slumped after economic reports on labor market and services sector. Chinese shares were mixed.

U.S. stocks ended Wednesday little changed, with investors digesting the impact of two conflicting sets of jobs data and a report that said President-elect Donald Trump was mulling a national economic emergency declaration on inflation.