Luxury fashion accessories firm Tapestry Inc TPR. By Stephen Culp Nov 11 (Reuters) - The S&P 500 and the Nasdaq inched higher on Thursday, with chipmakers helping the indexes resume their climb after hotter-than-expected inflation reports dampened investor sentiment and halted a streak of record closing highs. Market participants were digesting recent inflation data, which suggested that the current wave of price spikes due to chronic worldwide supply challenges could have more staying power than many - including the U.S. Federal Reserve - had hoped.