Stock Market Drifts Lower After Sticky Inflation Reading; Nvidia Earnings Beat Estimates

The stock market drifted lower Wednesday after the Federal Reserve’s primary inflation gauge, the core PCE index, showed sticky price pressures ahead of Fed Chair Kevin Warsh’s speech at the central bank’s biggest annual gathering. After the closing bell, Nvidia (NVDA) fell despite posting a quarterly earnings beat. On Wednesday, the Dow Jones Industrial Average fell 113 points, or 0.2%,…