Evening Market Recap - Wednesday, 11-Dec

US equities finished mostly higher in Wednesday trading, with the Dow Jones closing down 22 bps, while the S&P500 and Nasdaq finished up 82bps and 177bps respectively. The Nasdaq set a fresh record high. Today's largely in-line November CPI report served to further solidify expectations for a December rate cut and market’s favoring a January pause. Today's $39B auction of 10-year notes was very well received. Bank of Canada cut by 50 bp, as expected.