Dow Hangs onto Gains

The major averages hovered near the flatline on Wednesday as the post-election rally lost some steam and traders contemplated a key inflation report that was in line with expectations.

The Dow Jones Industrials gained 47.21 points to 43,958.19.

The S&P 500 squeezed higher 1.4 points to 5,995.39.

The NASDAQ Composite slid 50.66 points to 19,230.74.

Tesla, which has been among the biggest winners following the election, was up again by 3%.

The October consumer price index accelerated a tad to a 2.6% annual rate, matching the consensus estimate from economists polled by Dow Jones. Core prices, which exclude food and energy from the reading, rose 3.3% last month, which also matched estimates.

Prices for the 10-year Treasury staggered, raising yields to 4.45% from Tuesday’s 4.43%. Treasury prices and yields move in opposite directions.

Oil prices docked 18 cents to $67.74 U.S. a barrel.

Prices for gold dipped $25.90 an ounce to $2,580.40 U.S.