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US stocks drift lower while bonds yields rise following the latest update on inflation

NEW YORK (AP) — The U. S. stock market is drifting lower 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 151 points, or 0. 3%, as of 1:04 p. m. Eastern time, and the Nasdaq composite was 0. 3% lower. U...

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