US stocks hold near all-time highs after a better-than-expected update on inflation

News Snapshot:

NEW YORK (AP) — U.S. stock indexes are hanging near their records following a better-than-expected update on inflation. The S&P 500 was up 0.3% early Wednesday and just a bit below its all-time high set last week. The Dow Jones Industrial Average was up 185 points, or 0.4%, and the Nasdaq composite was adding 0.1% to its own record set the day before. Treasury yields eased in the bond market after a report said inflation at the wholesale level slowed last month by more than expected. Johnson & Johnson rose after beating analysts’ sales and profit targets and raising its...