U.S. Stocks Open Higher as CPI Rises 0.3%; S&P 500 Gains 30.30 Points, NASDAQ Up 156.03 Points

U.S. equity futures showed a steady performance on Wednesday, with treasury yields edging higher by 2-3 basis points and the dollar firm. The Consumer Price Index (CPI) report released today indicated an overall rise of 0.3%, with year-over-year expectations at 2.7% for overall CPI and 3.3% for core CPI. Following the report, U.S. stock indices opened higher, with the S&P 500 rising 30.30 points, or 0.50%, to 6,065.21, the NASDAQ gaining 156.03 points, or 0.79%, to 19,843.28, and the Dow Jones increasing by 89.98 points, or 0.20%, to 44,337.81. The market sentiment remains influenced by expectations of a potential interest rate cut from the Federal Reserve amid persistent inflationary concerns.