US stocks and bonds drift following the latest update on inflation

NEW YORK (AP) — The U.S. stock market is drifting Wednesday after a report said inflation was a touch worse last month than economists expected. Yields in the bond market, home to some of Wall Street’s biggest recent worries, ticked higher following the data.

The S&P 500 edged down by 0.1% but remains near its all-time high set earlier this month. The Dow Jones Industrial Average was down 100 points, or 0.2%, as of noon Eastern time, and the Nasdaq composite was 0.3% lower.

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