U.S. stocks are drifting near their records Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates. The S&P 500 was virtually flat in morning trading,

The fierce rally in U.S. stocks since November’s presidential election took a pause on Tuesday as bond yields marched higher and investors awaited a new reading on consumer inflation. Inflation became a major flashpoint issue in the 2024 election,

U.S. stocks are drifting as some momentum comes out of the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory.

The yield has risen 73.6 basis points over the past seven weeks, according to Dow Jones Market Data. On Friday, traders were considering whether the U.S. is moving into a period of higher-for-even-longer interest rates, fueled by continued economic strength and potential inflationary pressures.

The S&P 500 is now around 1% lower than the level it traded in the wake of Trump's election win on November 6.

Shares were mixed in Asia on Thursday after a lackluster finish on Wall Street following a report showing an uptick last month in inflation in the U.S. The dollar was trading at 156 Japanese yen, up from 155.

A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect's policies.

Trading on Wall Street was quietly mixed early Monday ahead of a set of highly-anticipated earnings reports from some of the nation's biggest retailers.

Most U.S. stocks are drifting higher Monday as Wall Street holds steadier after seeing much of its rally following Donald Trump’s presidential victory dissipate. The S&P 500 was up 0.4% in morning trading.