market update investors await inflation data ahead of thanksgiving holiday

On Wednesday, Wall Street remained relatively unchanged as investors awaited the release of the personal consumption expenditures price index, a key inflation measure favored by the Federal Reserve.

The report, which is typically released at 8:30 a.m. ET, will be published at 10 a.m. ET due to the holiday schedule. The stock market will be closed on Thursday for Thanksgiving and will have an early close on Friday.

The Dow and S&P 500 both reached record highs on Tuesday, while the Nasdaq made gains and moved closer to surpassing its record close from November 11.

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