Stocks in play: Obsidian Energy Ltd.

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The Canadian Press

Stock market today: S&P 500 heads toward a record after inflation finally slows

NEW YORK (AP) — U.S. stocks are rising Wednesday with hope that inflation is finally heading back in the right direction, and the S&P 500 is above its record set a month and a half ago. But a stall in spending by U.S. households tired after years of high inflation is keeping the gains in check. The S&P 500 was 0.6% higher in early trading. The Nasdaq composite was adding to its own record set a day earlier, up 0.7%, and the Dow Jones Industrial Average was up 206 points, or 0.5%, as of 9:35 a.m.