Wall Street holds mostly steady following the latest update on inflation

NEW YORK (AP) – The U.S. Stock market drifted through a quiet day of trading Wednesday after a report remarked inflation was a touch worse last month than economists anticipated.

What happened

Meanwhile, the S&P 500 edged down by less than 0.1% and remains near its all-time high set earlier this month. The Dow Jones Industrial Average dipped 113 points, or 0.2%, and the Nasdaq composite slipped 0.1%.

Stocks created relatively few sizeable moves ahead of the latest earnings report from the market's most influential firm, Nvidia. It arrived after trading concluded for the day. Expectations were high once again for the chip giant, whose tremendous expansion in profit as of the artificial-intelligence boom has created it the largest stock by value in the U.S. Market.

The bottom line

For now, wall Street holds mostly steady following the latest update on inflation remains the part of the story worth watching, and further updates are likely as more details are confirmed.