U.S. stocks are ripping higher Wednesday after getting a shot of adrenaline from an encouraging update on U.S. inflation. Strong profit reports from Wells Fargo and other big U.S. banks are also helping to launch indexes toward their best day in two months.

U.S. stocks surged on Wednesday, with all three major indexes on track for their biggest daily percentage gains in more than two months, as lower-than-expected December core inflation data and solid earnings from major U.

The S&P 500 was 1.5% higher in early trading. The Dow Jones Industrial Average was up 652 points, or 1.5%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.7% higher.

Here are some key corporate results, economic data releases and other events to watch for this week: Today PPI report: A December readout for the produc

Treasury yields also eased in the bond market following the update on how much more US households had to pay in December for eggs, gasoline, housing and other costs of living. The report said overall inflation accelerated to 2.9 per cent from 2.7 per cent in November.

U.S. stocks are ticking higher Tuesday following an encouraging update on inflation. The S&P 500 was 0.5% higher in early trading. The Dow Jones Industrial Average was up 164 points, or 0.4%, as of 9:35 a.