NEW YORK — U.S. stock indexes are ticking higher on Wednesday following a better-than-expected update on inflation across the country.
The S&P 500 was up 0.2% in early trading and approaching its all-time high set last week. The Dow Jones Industrial Average was up 170 points, or 0.4%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was hovering around its own record set the day before.
Stocks got a boost from easing Treasury yields in the bond market after a report said inflation slowed by more last month at the wholesale level than economists expected. The data offer some encouragement after a report on Tuesday suggested President Donald Trump’s tariffs are pushing up the prices U.S. shoppers are paying for toys, apparel and other imported products.
Trump’s tariffs are making their weight felt across financial markets. ASML, the world’s leading supplier of chipmaking gear, warned that it can’t