U.S. stocks are drifting near their records after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates.

The consumer price index rose 0.2% in October for the fourth straight month, and advanced 2.6% on an annual basis.

Wall Street's main indexes were steady on Wednesday after in-line consumer price inflation data kept the Federal Reserve on track to cut interest rates in December. The Dow Jones Industrial Average fell 30.

U.S. stocks drifted to a mixed finish Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month through a cut to interest rates.The Standard & Poor's 500 index was nearly unchanged and edged up by less than 0.

Wall Street's main indexes were little changed on Tuesday following post-election gains over the past few days.

The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S.

U.S. stocks are drifting at the open of trading as the market’s big burst following Donald Trump’s election continues to cool. The S&P 500 added 0.1% in early Thursday trading.