Stocks Dip as Inflation Concerns Persist

Stocks ended lower on Wednesday as investors reacted to persistent inflation data and economic indicators ahead of the Thanksgiving holiday. The Dow, S&P 500, and Nasdaq all saw declines, with the Nasdaq leading the losses. Despite a slight increase in the 10-year Treasury yield, the market remained relatively stable, reflecting mixed reactions to the PCE Price Index report. The Federal Reserve's cautious approach to interest rate cuts continues amid solid consumer spending and a resilient labor market, though inflation remains a concern.