US stocks drift lower after hot inflation report

U.S. stocks drifted lower Wednesday after an inflation report came in slightly hotter than expected, with the Dow falling 0.2% and the Nasdaq slipping 0.1%. Treasury yields ticked higher following the data, though traders still mostly expect the Federal Reserve to hike interest rates by year-end. The S&P 500 edged down less than 0.1% to 7,675.70, remaining near its all-time high. Oil prices slipped after volatile trading. For the year, the S&P 500 is up 12.1%, the Dow has gained 11.2%, and the Nasdaq is up 12.4%.