While the Dow Jones Industrial Average (^DJI) closed in negative territory for the third straight session, the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) snapped out of it and closed Wednesday higher; the latter rose by over 1.7% and crossed above 20,000 for the first time.

Market Domination Overtime's Julie Hyman and Yahoo Finance markets and data editor Jared Blikre review the day's market performances following November's Consumer Price Index (CPI) saw monthly and year-over-year inflation gains come in line with economist estimates.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Luke Carberry Mogan.