S&P 500 Gains and Losses Today: Monolithic Power Stock Drops on Risks to Nvidia Allocation [Video]

Major U.S. equities indexes were mixed and little changed on Wednesday.

The latest Consumer Price Index (CPI) report showed that inflation remained relatively steady in October, aligning with economists’ forecasts and boding well for the likelihood of an additional interest-rate cut by the Federal Reserve in December.

The S&P 500 was essentially flat in the midweek trading session, ending with a meager uptick of less than 0.1%. The Dow added around 0.1%, while the Nasdaq slipped 0.2%.

Warner Bros. Discovery (WBD) shares jumped 5.4%, locking in the top daily performance in the S&P 500. Wolfe Research upgraded the media giant’s stock earlier this week to “peer perform” from “underperform.” Although analysts recognized that WBD faces ongoing challenges from declining linear TV revenues, they highlighted several bright spots. Analysts said there is potential for international growth for the Max streaming service, increasing profitability of the direct-to-consumer (DTC) segment, and potential opportunities from industry trends in re-bundling and partnerships.

Shares of Albemarle (ALB), the world’s …