Stock market today: Wall Street is closing its latest winning month with a quiet finish | KLRT [Video]

NEW YORK (AP) — Wall Street’s latest winning month is heading toward a quiet finish as U.S. stocks drift around their record heights.

The S&P 500 rose 0.3% in afternoon trading, continuing its run of modest moves since hitting an all-time high last week. The Dow Jones Industrial Average was down 45 points, or 0.1%, as of 2:29 p.m. Eastern time. The Nasdaq composite was 0.5% higher and is just below its record set in 2021.

In the bond market, yields were easing after a closely followed inflation report showed prices across the country rose pretty much as expected last month. That calmed worries on Wall Street that the inflation data would show a discomforting reacceleration. Earlier reports had shown prices rose more than expected in January at the consumer and wholesale levels.

“While inflation was hotter than it’s been in a while, it may be more of a flash …